Meesho receives Sebi nod for ₹6,600-crore IPO | Company Business News

Contributing sentiments towards policy:

59% : In its IPO filing, the company pinned the loss on "one-time IPO related costs, including reverse flip tax and perquisite tax which were necessary for the company's transition to a public structure".
58% : Meesho, which also focuses on online shoppers in tier-2 and tier-3 cities and beyond, has raised more than $1.3 billion in private funding and was last valued at nearly $4 billion. E-commerce adoption is already spreading from tier-2 to tier-3 cities, with three in five new shoppers since 2020 coming from cities designated tier-3 or smaller, according to a March report by Bain & Co. Meesho had originally filed a confidential IPO draft prospectus with Sebi in July.
44% : Net merchandise value is gross sales excluding returns and cancellations, but inclusive of taxes.

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