Indian e-commerce platform Meesho plans to confidentially file for an initial public offering in Mumbai in the coming weeks, people familiar with the matter said.
The Bengaluru-based company, whose backers include SoftBank Group Corp., could seek to raise $700 million to $800 million in the IPO, according to the people, who asked not to be identified because the information is private.
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Details are still under discussion and the plan could change, the people said.
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A representative for Meesho declined to comment.
Meesho picked Citigroup Inc., Kotak Mahindra Capital Co. and Morgan Stanley as advisers for the IPO, Moneycontrol reported in March.
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