India, Oct. 19 -- Ecommerce unicorn Meesho has filed its updated draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI).

The Softbank-backed giant's public offer will comprise a fresh issue of shares worth INR 4,250 Cr ( nearly $483 Mn) and an offer-for-sale (OFS) component of 17.56 Cr shares (17,56,96,602 to be precise).

As part of the OFS, the startup's existing backers, including Elevation Capital, Peak XV Partners, Venture Highway and others, will offload their stakes. Meesho's founders Vidit Aatrey and Sanjeev Kumar will also sell 1.1 Cr equity shares each during the OFS.

Ahead of filing its red herring prospectus (RHP), the startup also plans to raise up to INR 850 Cr as part of a ...