Mumbai, June 24: Meesho is one of the leading e-commerce brands selling various products in India. It has been an affordable online shopping destination for Indians where they buy beauty products, clothing for women and men, kids' wear, home decor, electronics, footwear and fashion accessories. But do you know if it is an Indian brand or not?

Generally, many people believe that Meesho is an Indian company. However, not many know that Meesho was not an Indian brand before. It has now become a fully Indian company ahead of its IPO launch. Meesho, founded by Vidit Aatrey and Sanjeev Barnwal in December 2015, has completed its reverse flip process and shifted its headquarters to India. Did India Post Payments Bank Warn Customers Their Accounts Would Be Blocked in 24 Hours if PAN Card Was Not Updated? PIB Fact Check Debunks Fake Claim.

Meesho Shifted Its Headquarters From USA to India

Meesho was initially incorporated in the United States of America due to its access to global capital, just like Groww, Razorpay, and other startups backed by startup accelerator Y-Combinator. However, amid IPO preparation, these companies shifted their registered offices back to India. Meesho applied for reverse merger approval in January with the NCLT (National Company Law Tribunal). The move was finalised by the NCLT on May 27, 2025.

Meesho Reshuffles Board Ahead of IPO

Meesho has reshuffled its board and has given more power to shareholders like Elevation Capital and Peak XV Partners, who have major stakes in the company. Elevation Capital, holding a 13.5% stake, and Peak XV Partners, with 12.5%, have maintained their board representation through Mukul Arora and Mohit Bhatnagar, respectively. On the other hand, the representatives from SoftBank, holding under 10% stake, and Prosus Ventures, holding 12%, Sarthak Misra and Ashutosh Sharma, respectively, have stepped down from the board.

Moreover,  Kimsuka Narasimhan, a senior executive with experience at Pepsico and Kimberly-Clark (Asia), has replaced Kalpana Morparia, the former JP Morgan South and Southeast Asia Chairperson. Government Launches Portal Under SPMEPCI Scheme To Promote Domestic EV Manufacturing in India, Applications Open Till October 21, 2025.

Meesho USD 1 Billion IPO Launch Timeline 

Meesho is expected to file for an IPO (initial public offering) in three weeks. Ahead of that, the company's board approved a merger and share allotment to the US entity's investors. The SoftBank-backed online retail company will draft a DRHP (draft red herring prospectus) to clear the way for its USD 1 billion IPO.

Fact check

Is Meesho an Indian Company? E-Commerce Platform Shifts Its Base From US, Becoming Fully Indian Brand; Reshuffles Board Ahead of USD 1 Billion IPO
Claim :

Meesho is an Indian company.

Conclusion :

Meesho had its based in the US. But, it has now become an Indian company.

Full of Trash
Clean

(The above story first appeared on LatestLY on Jun 24, 2025 05:39 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).