Games & Commerce
India ecommerce platform Meesho nears IPO, SoftBank to keep stake
Meesho, a major Indian ecommerce platform competing with Amazon and Walmart’s Flipkart, is preparing a 660 million dollar IPO. SoftBank, Prosus and Fidelity will keep their stakes, while founders and early investors plan partial share sales. Launched in 2015 as a social commerce service, Meesho expanded into a low-cost marketplace and has grown rapidly among price-sensitive consumers and small sellers. Last year it reported 234.2 million active buyers and 706,471 sellers.
