Meesho Closes $550 Mn Round, Files Application At NCLT To Shift Domicile

With new investors Tiger Global, Think Investments joining in on the ongoing capital raise, Meesho, an ecommerce firm has closed another USD 250 million to USD 270 million in financing, taking the round’s total to USD 550 million, as per the media reports.

For a reverse merger of its India unit, Fashnear Technologies with its United States (US) parent Meesho Inc., the firm has approached the National Company Law Tribunal (NCLT) Bengaluru. It has filed an application at NCLT, aimed at clearing the way for its planned initial public offering, as stated by the media reports. The report further stated that Meesho is eyeing to file the draft IPO papers in the second half of the current year.

Depending on the speed of approval from NCLT, the firm is aiming for a potential listing in 2026. The reports highlighted that Peak XV and WestBridge Capital are among the existing investors which have registered their participation in the funding round, of which the primary capital raise may be utilised for covering the tax outgo on the reverse merger.