New Delhi, March 26 -- In a major step geared towards financial expansion, Meesho is actively working on an ambitious initial public offering (IPO), meant to raise $1 billion, according to the sources.

The e-commerce giant very tactically houses the triumvirate of Morgan Stanley, Kotak Mahindra Capital, and Citi to spearhead its IPO efforts. These money powerhouses are guiding Meesho to an intensive valuation of $10 billion extremely wide jump from the $3.9 billion valuation it received in 2024. Discussions are still on the boil to include JPMorgan in the IPO syndicate, thus stepping up the banking muscle behind Meesho's entry into the market.

Meesho's IPO is being timed to coincide with the festive fervor of Diwali, targeting a listing...