Bengaluru, Oct. 20 -- Meesho has received regulatory approval for its Rs.6,600-crore initial public offering, in which early investors including Elevation Capital and Peak XV Partners are expected to sell part of their stakes. The e-commerce platform will raise around Rs.4,250 crore through new shares in the IPO, while the rest will come from an offer-for-sale, where existing shareholders sell their stakes to new investors. The digital marketplace, which was founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, is targeting a public market listing in December, as per its updated IPO document, filed with the Securities and Exchange Board of India on Sunday. Aatrey, the chief executive officer, and Barnwal, the chief technology officer at Meesho, will also be selling some of their stakes in the company during the IPO. The Bengaluru-based company, which moved back its headquarters to India from the US in June, reported a net loss of Rs.3,941 crore for 2024-25. In its IPO filing, the company pinned the loss on "one-time IPO related costs, including reverse flip tax and perquisite tax which were necessary for the company's transition to a public structure". On other financial metrics, the company did well in FY25. Meesho's FY25 operating revenue jumped 25% to Rs.9,390 crore, and its net merchandise value increased 30% to Rs.30,000 crore. Net merchandise value is gross sales excluding returns and cancellations, but inclusive of taxes. Meesho's annual transacting user base grew by about 28% in FY25, and hit 213 million in the April-June quarter. Between FY23 and FY25, the company's order frequency improved from 7.5 times to 9.2x per year, Meesho said in its IPO document. Meesho's logistics arm, Valmo, emerged as the company's biggest growth driver, handling about 300 million shipments in April-June, outpacing logistics platforms such as Delhivery Ltd, according to industry executives....