India's E-Commerce Pioneer: Meesho Goes Public with $5.6 Billion Valuation, SoftBank and Prosus Retain Major Stakeholders
Reading Time: 4 minutes
Similar to its Chinese counterpart Pinduoduo, the company positions itself as an affordable alternative to Flipkart (Walmart) and Amazon India. With an impressive 213 million customers, Meesho generates over 2 billion orders annually. Meesho, an Indian e-commerce competitor to Amazon and Walmart-owned Flipkart, is preparing for its IPO. This is marked by minor share sales from early backers, while major names like SoftBank and Prosus are not selling any shares. This signals investor confidence in the booming Indian online retail market at a...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
