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Domexit e-commerce platform Misho can bring an Initial Public Offering by the end of this year. The company wants to raise one billion dollars (about 8300 crore rupees) through this. Misho will take this funding at a valuation of $ 10 billion (about 85,500 rupees).
The company is also going to file draft documents for this in a few weeks. Moneycontrol has given this information about this. According to reports, Misho has made Morgan Stanley, Kotak Mahindra Capital and City their IPO adviser for this. Stock exchanges are expected to be listing between September-October this year.
Misho has taken about ₹ 4,705 crore funding in two rounds
The company Total has lifted funding of $ 50 million (about Rs 4705 crore). Earlier this year, Misho raised a fund of about $ 250- $ 270 million (about Rs 2300 crore) from investors such as Tiger Global, Think Investments and Mars Growth Capital. The company’s valuation was then $ 3.9–4 billion (about Rs 34,242 crore).
Misho lost 97% in a year
In FY 2023-24, Misho generated a revenue of ₹ 7,615 crore. This is 33% higher than the previous financial year. In FY 2022-23, the company generated a revenue of ₹ 5,735 crore. During this period, the company’s net loss declined 97% to Rs 1,569 crore to Rs 53 crore.
At the end of 2024, the order of the Misho platform increased by 35% on an annual basis. 17.5 million customers shopped from the company’s platform. More than half of its customers came from Tier-4 and small cities.
Application for merger of fashioner technologies is given
Misho has applied to its subsidiary, fashioner technologies in India in the National Company Law Tribunal (NCLT) for reverse merger with their US -based parent entity, Misho Inc.
Misho’s Founder Vidit Atre and Sanjeev Barnwal left the job in 2015 and started a startup named Fashioner.
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Physics will bring an IPO of ₹ 4,600 crore: Edtech company files DRHP with SEBI, ₹ 32,000 crore can be valuable
Domestic Aidtech Company Physicswaiwala (PW) has pre-filled its draft Red Herring Prospects (DRHP) for the Security Market Regulator SEBI for Initial Public Offering i.e. IPO.
The Edtech firm wants to raise Rs 4,600 crore through this IPO. This IPO will have a new issue and offer for sale (offs) of existing investors. According to Traxon’s latest data, the current valuation of PW is around ₹ 32,000 crore.
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