Meesho Soars on Market Debut with $8.8 Billion Valuation

E-commerce platform Meesho made a stellar entry into India’s stock market, surging nearly 58% on debut and touching a valuation of ₹789.3 billion ($8.78 billion). The shares opened at ₹162.5 on the NSE and rose to ₹175, far above the issue price of ₹111, signalling strong investor appetite for India’s rising online retail sector.

Unlike competitors Amazon and Flipkart, Meesho has built a strong niche by offering affordable products and zero-commission selling, attracting smaller merchants and mass-market consumers. Analysts note that the platform’s revenue model has significant growth potential, especially through advertising, which Meesho currently monetises at a lower rate compared to global peers.

The IPO, backed by major investors like SoftBank and Peak XV Partners, drew bids worth $28 billion, reflecting intense demand from institutional buyers. This comes amid a wave of successful tech listings in India, with analysts calling Meesho’s surge a “milestone moment” for homegrown e-commerce, even as the stock’s sharp jump leaves limited upside for new investors.

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