Meesho IPO Listing: How 2 IIT Delhi Founders Built a ₹77,000 Crore Blockbuster Company

India's leading social commerce platform, Meesho, made a blockbuster debut on the National Stock Exchange (NSE) in December 2025. The company listed at a 46% premium to its IPO price, marking one of the strongest tech listings in recent years.

In this detailed article, we'll cover Meesho's IPO listing, market capitalization, founder story, funding history, and how this startup conquered small towns in India to become a ₹77,000 crore company.

Meesho IPO Listing: A Blockbuster Debut on NSE

Meesho shares were listed at ₹162.50 per share on the NSE, significantly higher than its IPO price band of ₹105–₹111 for the ₹5,421 crore issue. After listing:

•  High: ₹177.49
• Current Price: ₹170.75 (at the time of writing)

The strong listing reflects investor confidence in Meesho’s business model, which focuses heavily on Tier 2–Tier 4 cities—an underserved but fast-growing segment of India.

Meesho's Market Capitalization: Now a ₹77,000 Crore Company

• Meesho's valuation has reached approximately ₹77,000 crore after listing.
• Unlike other platforms that pursued metro shoppers and branded products, Meesho placed a big bet on affordable, unbranded merchandise popular in smaller cities.
• With the rapidly growing middle-income population in Tier 2+ cities, Meesho is perfectly positioned to ride the next wave of retail consumption in India.

Why Meesho Succeeded in Tier 2, Tier 3, and Tier 4 Cities

1. Focus on India's Core Consumer Market - Meesho designed its platform for emerging shoppers outside metro cities—customers who seek value-for-money products rather than premium brands.

2. Growing Purchasing Power Beyond Metro Cities - Meesho's prospectus states that by 2030, nearly one-third of India's retail spending will come from Tier 2+ areas.

3. Strengthening Small Businesses and Resellers - From homemakers to local sellers, Meesho allows anyone to create an online store using WhatsApp, Facebook, and Instagram, removing barriers to online entrepreneurship.

Meesho Funding History: From $120K to Multi-Billion-Dollar Valuation

Meesho's valuation grew from $2.1 billion in April 2021 to $4.9 billion by September 2021, reflecting its strong user adoption.

Who Founded Meesho? IIT Delhi Founders’ Story

Meesho was founded in 2015 by Vidit Atrey (Founder and CEO) and Sanjeev Barnwal (Founder and CTO). They created India's leading social commerce platform to empower small businesses and resellers by leveraging social networks for e-commerce. Both are IIT Delhi alumni who quit their jobs to build the company and focus on unorganized retail in India. But the journey wasn't easy. The story begins in 2015.

And with this, India's story begins. We're referring to India as small towns here because most of Meesho's business today comes from small towns, Tier 2, Tier 3, and Tier 4 cities. That's why we wrote in our headline that two IIT Delhi-educated boys introduced India to online shopping. Let's return to the story.

Sanjeev Barnwal: Sony Tokyo to Indian Startup Dream

Vidit, a resident of Delhi, and Sanjeev, a resident of Jharkhand, were friends from IIT Delhi. After graduating from engineering, Vidit started working at ITC, and Sanjeev got a job at Sony through college placements. Sanjeev moved to Tokyo to work, where he worked for three years. Meanwhile, Vidit, who was working in India, left ITC and joined InMobi. This is where Vidit got the idea. It was about shopping and starting his own business. He then called his friend from Tokyo. Sanjeev also returned to India after hearing his friend's idea.

Birth of Meesho: From Fashionier Failure to Success

In 2015, they launched their first startup, Fashionier. It connected local vendors with customers. However, it was unsuccessful. During this time, they realized that many women in India, especially rural women, would want to start their own businesses after marriage. Thus, they launched Meesho, also known as My Shop, in 2015.

To provide a platform for ordinary people to create their own digital stores. Starting with small-town housewives selling goods through WhatsApp and Facebook, Meesho embarked on a journey to transform lives.

FAQs

Q1. When was Meesho listed on the stock market?

Meesho was listed on the NSE in December 2025, with shares debuting at ₹162.50, a 46% premium over its IPO price.

Q2. What is Meesho’s market capitalization after listing?

Meesho’s market cap is approximately ₹77,000 crore after its IPO listing.

Q3. Who are the founders of Meesho?

Meesho was founded by Vidit Atrey (CEO) and Sanjeev Barnwal (CTO), both alumni of IIT Delhi.

Q4. Why is Meesho popular in small towns?

Meesho focuses on affordable, unbranded products catering to Tier 2, 3, and 4 cities with rising purchasing power.

Q5. When did Meesho receive its first funding?

Meesho received its first funding in 2016 from Y Combinator, raising $120,000 in seed capital.