Indian ecommerce platform Meesho rises 46.4% in trading debut


Technology

Hot run of IPOs extends into final month of another potentially record-setting year

20251210 meesho

Meesho says funds raised through its initial public offering are to be used to bolster its tech and data capabilities, as well as in customer acquisition and marketing. © Reuters

SOUMYAJIT SAHA

MUMBAI — Shares of local e-commerce platform Meesho listed on India’s public bourses on Wednesday, opening 46.4% higher after raising over 54 billion rupees ($603 million) in an initial public offering (IPO) last week.