New Delhi: Meesho has cemented its position as India’s largest e-commerce funnel by both users and orders, as the company heads into its December 3–5…
View More Meesho Emerges as India’s Largest E-Commerce Funnel Ahead of IPOMeesho Emerges as India’s Largest E-Commerce Funnel Ahead of IPO
By TNI Team November 30, 2025
032 crore surplus1.26 billion orders171 crore OFS200 million users234 million users250 crore fresh issue336 crore loss421 crore total issue size44% YoYaffordability over speedaffordable commerce modelanchor round Dec 2annual transacting usersasset-light modelBengaluru-based marketplaceBharat customersbrand buildingBSECash on Deliverycloud infrastructureCOD dominanceCOD returnsDalal Street listingDecember 3–5exceptional itemsfree cash flow turnaroundFY23 lossesFY25 cash generationFY26general corporate purposeshorizontal e-commerce marketplaceIndia’s largest e-commerce funnelIndian public marketsInitial Public OfferingIPOIPO funds utilisationIPO snapshotlandmark offeringLTM Sep 2025marketing spendMeeshoML/AI investmentNMV growthno debt repaymentno warehouse expansionNSEoperational challengesorder frequencyorder volumes 50%pricing depthproduct selectionreal India shopping behaviourrisksscaling with cashstrategic M&Atech hiringthin marginsTier 3 citiesTier-2 citiesTier-2/3 demand riskunit economicsvaluation difficultyvalue commercevalue-focused consumers₹1₹2₹4₹5₹591–1



