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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The ecommerce platform is reportedly on the hook for $288 million that it will have to pay US authorities to move its domicile back to India ahead of an IPO.
Last week, Meesho got approval from the National Company Law Tribunal to demerge its Indian entities from the US parent as part of shifting its domicile to India. That is a key step in the ecommerce platform’s plan for an initial public offering, but the company will have to pay $288 million in taxes to the US as part of the move.
Moneycontrol reported in April 2024 that Meesho raised between $500 million and $650 million, with around half that amount being primary capital reserved to pay the tax amount. The rest constituted secondary share sales where investors diluted their …
Its acquisition of Kirana Club signals an attempt to find a new growth engine, but grocery retail has been a challenge for even well-funded players.
The e-commerce platform appears to have put on a good show in FY26, outpacing itself on most fronts. However, the margins tell a different story, one that investors should pay close attention to.
For one of the world’s largest and shrewdest investors to entirely skip putting money in the country is a sign of how quickly the nature of the Indian startup ecosystem has changed.
