Meesho picks banks for $1 bn IPO at $10 bn valuation: Report

Meesho has selected Morgan Stanley, Kotak Mahindra Capital and Citi as advisers for a potential IPO later this year, Moneycontrol reported. The e-commerce platform is reportedly looking to raise $1 billion at a valuation of $10 billion. Meesho is also in the advanced stages of shifting its headquarters from Delaware in the US to India, as per the report.