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In FY 2023-24, Misho generated a revenue of ₹ 7,615 crore. This is 33% higher than the previous financial year.
Domexit e-commerce platform Misho will bring an Initial Public Offering ie IPO by October. The company wants to raise around Rs 4,250 crore through this. According to the report of Reuters, the company filed draft documents near SEBI on Thursday.
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’s Founder Vidit Atre and Sanjeev Barnwal left the job in 2015 and started a startup named Fashioner.
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.
