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Ecommerce major Meesho has reportedly concluded its reverse flip, shifting its domicile to India from the US.
Last month, the company received approval from National Company Law Tribunal (NCLT) to shift its headquarters back to India. The NCLT Bengaluru Bench issued clearance to the ecommerce major in an order dated May 27, 2025.
An ET report said that Meesho’s board approved the merger yesterday and shared allotment to investors of the US entity.
“…It is now a fully Indian company,” one of the sources told ET.
As a part of the redomiciling process, Meesho is reportedly liable to pay around $300 Mn in taxes to shift its headquarters from the US.
Besides, the company is also expected to file its draft red herring prospectus (DRHP) for its upcoming initial public offering (IPO) within three weeks.
Inc42 has reached out to the company for comments on the development. The story will be updated based on the response.
Meesho filed a petition to redomicile back to India from the US on August 13, 2024. Since last year, the company has been taking the required steps to hit the bourses in India.
Meesho is planning to raise $700 Mn to $800 Mn through its public listing and onboarded bankers including Morgan Stanley, Kotak Mahindra Capital and Citi for the IPO process.
Earlier this month, the D2C ecommerce platform’s board approved its conversion into a public entity, changing its name from ‘Meesho Private Limited’ to ‘Meesho Limited’.
(The story will be updated soon)
The post Meesho Completes Reverse Flip To India: Report appeared first on Inc42 Media.
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