Meesho information: SoftBank-sponsored e-trade firm Fashnear technology, which operates underneath the logo call Meesho, has been rechristened to Meesho Pvt Ltd before rolling out the procedure for its preliminary public offering (IPO), sources said on Thursday.
The name changed with effect from May thirteen.
"Meesho has formally modified its registered name from Fashnear Technologies Private Limited to Meesho Private Restrained, as in step with the certificate of incorporation issued via the Ministry of Company Affairs," the source said.
The certificates of incorporation dated May 13 also noted the modified call. "The organization changed into at the start integrated with the call Fashnear technology private confined," the certificates stated.
One of the resources said the name change is crucial because the organization will now run the entire system under the name Meesho to avoid any confusion inside the market.
"The name trade, effective from May 13, 2025, aligns with Meesho's strategic focus on strengthening its emblem identification as a leading e-trade platform in India.
The call change reflects Meesho's evolution to a complete online market. The organization will now start operating at the system for IPO," the source stated, without disclosing timelines for the list.
Meesho claims to be the first horizontal indian e-trade business enterprise to acquire profitability in FY24 and the first to generate superb free coins, going with the flow of Rs 197 crore for the entire year.
The e-trade has mentioned a vast narrowing of losses to Rs 53 crore, whilst its revenue elevated 33 percent to Rs 7,615 crore in FY24. Meesho had posted a loss of Rs 1,569 crore, apart from ESOP cost, and the sales of the business enterprise were at Rs 5,735 crore in FY23.
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