Bengaluru-based online marketplace Meesho has filed its updated draft red herring prospectus (UDRHP) with the SEBI to raise up to ₹4,250 crore through a fresh equity issue. The offer also includes an offer-for-sale (OFS) of 17.56 crore shares, providing an exit route for early backers such as Elevation Capital, Peak XV Partners, and others.

Other selling shareholders include Highway Series 1 (a Series of Venture Highway SPVs LLC), Y Combinator Continuity Holdings I LLC, Golden Summit Limited, VH Capital, VH Capital XI, as well as promoters Vidit Aatrey and Sanjeev Kumar, and individual shareholder Man Hay Tam.

Softbank-backed Meesho will become India’s first large-scale horizontal e-commerce marketplace to list publicly, following the listing of niche player Nykaa in 2021.

The company p

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