Homegrown e-commerce giant Meesho has received board approval to officially change its legal name from Fashnear Technologies Private Limited to Meesho Private Limited, marking a strategic step as the company gears up for its highly anticipated public listing.
According to a regulatory filing with the Registrar of Companies (RoC), the board and members of Meesho have approved a special resolution for the name change. The move aligns the company’s legal identity with the brand name it has successfully built over the years, supported by strong brand recognition, leadership in digital commerce, and customer trust.
Strategic Move Towards Meesho’s IPO
The rebranding comes at a crucial time, just a month after reports surfaced that Meesho is preparing for a $1 billion IPO. Investment banks such as Morgan Stanley, Kotak Mahindra Capital, and Citi have reportedly been shortlisted as advisors, with ongoing discussions to bring JP Morgan on board. Sources estimate that Meesho could be valued at around $10 billion for its initial public offering, with draft filings expected to be submitted in the coming months. The company targets listing around Diwali 2025.
Strong Financial Growth and Employee Rewards
In addition to its IPO preparations, Meesho has made headlines for its largest-ever ESOP buyback program launched in 2024. Valued at Rs 200 crore (approximately $25 million), the initiative benefited nearly 1,700 employees, from junior executives to top leadership. Earlier this month, Meesho’s co-founders exercised 27 lakh stock options, collectively worth around $120 million.
Meesho’s financial performance continues to strengthen. The company reported a 33% year-on-year revenue growth, reaching Rs 7,615 crore for the fiscal year ending March 2024. At the same time, it dramatically reduced its adjusted losses by 97%, bringing them down to Rs 53 crore. During the first nine months of FY25, Meesho successfully delivered 1.3 billion orders, underscoring its robust operational scale and market momentum.