Meesho is one of the most popular shopping applications as a huge number of people are using it. Meesho is going to be listed in India, but before going public, they want to get profitable to win the trust of the people.
Let us tell you that Meesho is a Meta Platform backed by Softbank. It will become Ebitda-positive by the middle of 2023. Mr. Vidit Aatrey is the founder and chief of the Meesho, and they gave all this information in the town hall meeting.
Meesho will only list in India as the US bourses are very crowded. The listing will help Meesho to grow its business exponentially and attract more investors for sure. At the last meeting of Meesho, VCCircle showed his views very aggressively and delivered the words, “ We should put all our efforts into the public listing.” If we achieve a successful listing, then it will be an Ebitda profit.
If you don’t know about Ebitda, then it is short for earnings before taxes, interest, amortization, and depreciation. Meesho will try its best to focus only on gaining a larger market share in India. They have billions of users in India, so they are not more focused on overseas expansion for now.
According to the sources, it is believed that the Meesho company doesn’t have a funding issue. The reason for the listing is to scale the company, not the fund’s problems.
FAQ
- Who is the founder and CEO of Meesho?
Ans. Mr. Vidit Aatrey
- What is the reason for the public listing?
Ans. Expansion of the company.
- How many users does Meesho have in India?
Ans. In Billions.
