Facebook-backed social commerce platform, Meesho targeting IPO next year

Meesho, a Facebook-backed social commerce platform, plans to go public in early 2023. "Meesho is filing documents in January next year and hopes to have the IPO completed by the first half of 2023," the source said.

Meesho is said to be working hard to be ready for listing by the end of 2022. According to the report, Meesho was also considering Indian and US exchanges as potential listing destinations. Dhiresh Bansal, Meesho's Chief Financial Officer, is likely to oversee the task of 'getting books in order and plugging any gaps in the finances.' Facebook made its first investment in Meesho in June of 2019, making it the tech giant's first equity investment in an Indian startup. The startup has fully capitalised on its Facebook partnership, allowing users to easily resell products via Meta-owned platforms such as WhatsApp, Facebook, and Instagram.

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