KuberGrow Team E-commerce giant Meesho is making bold moves ahead of its highly anticipated IPO in 2026. The Bengaluru-based company has successfully closed a $550 million funding round, securing investments from major players like Tiger Global, Think Investments, and Mars Growth Capital.
As part of its IPO preparations, Meesho has applied to the National Company Law Tribunal (NCLT) in Bengaluru to reverse flip its headquarters from Delaware, USA, to India. This move will merge its Indian entity, Fashnear Technologies, with its US parent, Meesho Inc.
The reverse flip is seen as a strategic shift, despite potential tax liabilities, aligning Meesho with other Indian startups like Zepto and Razorpay, which have also opted to base themselves in India before going public.
With a valuation of $3.9-4 billion in its latest funding round, Meesho has reportedly achieved 30-40% growth in metrics like gross sales and revenue. The company plans to file its draft red herring prospectus (DRHP) in the latter half of 2025, with eyes set on listing on Indian stock exchanges in 2026, pending NCLT approval.
Meesho’s upcoming IPO underscores the growing trend of Indian startups returning to domestic shores to capitalize on their home market’s robust investor base and regulatory support.
