SoftBank-backed Meesho files updated IPO DRHP with SEBI; plans to raise $800 million
Meesho, backed by SoftBank, plans to raise Rs 4,250 crore through its IPO with a mix of fresh equity and secondary share sale. The funds will be used for brand building, cloud infrastructure, and hiring for AI and tech development. Key investors will also offer shares. Kotak Mahindra Capital, JP Morgan, and Morgan Stanley are the book-running lead managers.