Meesho IPO, Oct. 22 -- E-commerce player Meesho is embroiled in a legal tussle with Amazon Web Services, as shown in the updated draft red herring prospectus (DRHP) filed by the company.
Meesho's updated IPO DRHP filed with the Securities and Exchange Board of India shows that AWS, a key technology vendor, has claimed non-payment of certain dues.
According arbitration filed by AWS against Meesho, the former claims the company hasn't paid bills under a special pricing agreement signed on February 25, 2022.
The DRHP stated, "Amazon Web Services India Private Limited (AWS) has initiated arbitration proceedings against our Company before a three-person arbitral tribunal in New Delhi (Arbitral Tribunal) under the Arbitration and Conciliatio...
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