New Delhi, Oct 19 (PTI) Softbank-backed e-commerce firm Meesho has filed updated draft papers with markets regulator Sebi to raise Rs 4,250 crore through an initial public offering.

The proposed initial public offering (IPO) comprises a fresh issue of equity shares aggregating up to Rs 4,250 crore and an offer for sale of up to 17,56,96,602 equity shares by certain existing shareholders.

The offer for sale includes the sale of equity shares by some of Meesho’s early investors, including Elevation, Peak XV, Venture Highway and Y Combinator.

According to sources, existing investors are looking to sell around 5-7 per cent of their holdings.

The valuation of the firm and the total size of the IPO of Meesho will depend on the share price band that will be disclosed later.

According to the

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