Meesho Stock Soars 46% as Public Backing Cements Its India E-Commerce Mission

Indian e-commerce firm Meesho debuted on the public markets on December 10, 2025. Its shares climbed as much as 46% on the first day of trading. The strong start highlights significant investor confidence in its business model.

The IPO raised $606 million for the ten-year-old company. Early backers like Elevation Capital sold stakes, while major investors SoftBank held firm. According to TechCrunch, the listing marks a key moment for India’s startup ecosystem.

A Landmark Debut for India’s Value Marketplace

Meesho’s stock opened at ₹162.50, well above its issue price of ₹111. It reached an intraday high of ₹171.84 per share. This surge gave the company a market capitalization of approximately $8.69 billion.

The performance is a major leap from its last private valuation of $5 billion in 2021. The public market is now betting heavily on Meesho’s core mission. That mission connects small merchants with budget-conscious buyers across India’s smaller towns.

Competing Through a Low-Cost Model

Meesho’s success pressures established giants like Amazon and Flipkart. It operates a commission-light marketplace for value-seeking customers. This approach is often compared to China’s Pinduoduo.

The company reported 234.2 million transacting users in the past year. Its net merchandise value rose 44% to about $2.14 billion for the six months ending September 2025. However, its losses widened during the same period as it invested in growth.

The public listing turns the company’s founding vision into a broader, shareholder-backed mission. CEO Vidit Aatrey stated the bell-ringing signified that “our mission is not just our mission. Now it’s everyone’s mission.”

The successful Meesho IPO validates a decade of building a unique, low-cost e-commerce model for India’s vast market. Its explosive first-day gain sets a confident tone for other Indian tech startups awaiting their own public listing moment.

Info at your fingertips

What was Meesho’s IPO share price?

The company set an issue price of ₹111 per share. On its first trading day, the stock opened significantly higher at ₹162.50.

What is Meesho’s market cap after listing?

At its peak share price on debut, Meesho reached a market valuation of roughly $8.69 billion. This is a substantial increase from its last private valuation.

How does Meesho make money?

Meesho operates a marketplace connecting sellers and buyers. It generates revenue primarily through advertising and low-take-rate commissions on transactions.

Who are Meesho’s main competitors?

Its primary rivals are Amazon India and Walmart-owned Flipkart. It competes by focusing on lower prices and targeting users in smaller cities.

Is Meesho profitable?

Not yet. The company’s losses widened in the last reported period as it continues to invest heavily in growth and user acquisition across India.