Bengaluru, Oct. 19 -- E-commerce marketplace Meesho has received regulatory approval for a Rs.6,600-crore initial public offering that will see some of its early investors, including Elevation Capital and Peak XV Partners, cash in by selling part of their stakes in the company.

Meesho will raise about Rs.4,250 crore in the IPO by issuing new shares. The remaining IPO amount will flow from an offer-for-sale component, in which shareholders sell their shares 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, Meesho's chief executi...