Meesho's $606M IPO Marks Major Milestone in India's E-commerce

Meesho, an Indian e-commerce platform, successfully launched its IPO, raising $606 million. The shares opened at ₹162.50, significantly above the issue price of ₹111, reflecting strong investor interest in the company's growth potential in the competitive online retail market. The IPO is notable as it represents a significant event for India's tech sector amid a global trend of tech shareholders cashing out.