Meesho could launch IPO in 12-18 months

Bengaluru-based e-commerce start-up Meesho is considering an initial public offering (IPO) within the next 12 to 18 months. The SoftBank-backed company recently recorded its first-ever profitable month in July. Dhiresh Bansal, Meesho's chief financial officer, told Nikkei Asia that Meesho will consider public listing "should the market situation remain benign." The firm experienced a 40% YoY increase in revenue in the first half of this year, reporting over $400 million.