SoftBank Adjusts Its India Approach Amid Departures and a Fresh Emphasis on AI
SoftBank's recent activity in India indicates a strategic reset, focusing on AI and enterprise technology.
SoftBank's recent activity in India indicates a strategic reset, focusing on AI and enterprise technology.
Meesho announces new management roles as Milan Partani becomes General Manager Commerce Platform.
Shares of Meesho hit a 20% upper circuit after UBS initiated coverage with a Buy rating, sparking optimism.
E-commerce marketplace Meesho debuted strongly, listing at Rs 162.5 per share, a 46% jump from its issue price.
E-commerce marketplace Meesho’s IPO saw robust investor interest, with the overall issue subscribed 79 times.
SoftBank-backed Meesho raised Rs 2,439 crore from anchor investors at Rs 111 per share, ahead of its IPO.
Meesho’s IPO is a windfall for early backers, with Elevation Capital seeing a 36.5X return.
E-commerce marketplace Meesho has filed its red herring prospectus and will open its IPO on December 3.
E-commerce platform Meesho plans to raise $700–800 million through an updated IPO draft with SEBI.
E-commerce unicorn Meesho filed its draft red herring prospectus to raise Rs 4,250 crore ($500 million).