- Facebook parent Meta Platforms Inc (NASDAQ:FB) and SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) Vision Fund 2 backed Indian startup, Meesho, looks to go public in early 2023, Reuters reports.
- The Bengaluru-based social commerce platform is rooting for a listing by the end of 2022. Meesho is evaluating both Indian and U.S. exchanges.
- Resellers on the company's platform offer a variety of unbranded products, ranging from clothes to cosmetics to household appliances, predominantly in the country's smaller towns and cities.
- Users can resell products from the supplier marketplace for a profit margin to customers, mainly through Meta-owned platforms WhatsApp, Facebook, and Instagram.
- Meesho had 17.8 million monthly transacting users on its platform as of September, surging from 5.5 million in March.
- Price Action: FB shares traded lower by 1.70% at $199.53 on the last check Friday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Meta, SoftBank Backed Indian Startup Targets IPO; Exploring Indian and US Exchanges
Meta
Meesho
Facebook
FB
Bengaluru
Instagram
SoftBank Group Corp
United States
Vision Fund 2
WhatsApp
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks