Ipulatifomu ye-e-commerce iMeesho ithathe isinyathelo esibalulekile ekuqaliseni kwayo emakethe yamasheya ngemuva kokuthola imvume yokulawula ye-IPO yayo eNdiya, umsebenzi ohlanganisa ukukhishwa kwamasheya okuqala kanye nokuthengiswa kwamasheya ngabatshalizimali.
Ngokusho kwemibhalo ebuyekeziwe ebhaliswe ne-SEBI, uhlu luzohlelwa ngesabelo esiyinhloko esingu-₹4.250 crore kanye nengxenye yokunikezwa kokuthengisa (i-OFS), lapho abanye abanikazi bamasheya bokuqala bezonciphisa khona ingxenye yesikhundla sabo.
Isakhiwo nosayizi wokunikezwayo
Le nkampani ilindele ukuqoqa imali entsha engu-₹4.250 crore ukuze kuqiniswe ibhalansi kanye nokukhula kwezimali, kanti imali esele izovela kwi-OFS, ezofaka amasheya afinyelela ku-175.696.602 anikezwa ngabanikazi bamanje.
Phakathi kwabathengisi kukhona izimali ezifana ne-Elevation Capital, i-Peak XV Partners kanye ne-Venture Highway, kanye nezinye izinhlangano ezifana ne-Y Combinator Continuity, i-Golden Summit kanye ne-VH Capital vehicles; abasunguli abasebenzisana nabo uVidit Aatrey noSanjeev Barnwal nabo bazothengisa ingxenye encane yamasheya abo.
Lesi sinyathelo siza ngemuva kokuhlelwa kabusha kwenkampani okwabuyisela indlunkulu yenkampani eNdiya, okuyisinyathelo esibalulekile ekushintsheleni enkampanini esohlwini kanye nokwenza lula isakhiwo sentela.
Khonamanjalo, uMeesho ubelokhu exoxisana nabatshalizimali bezikhungo ukuze kuhlolwe intshisekelo yemakethe endaweni enkulu ohlelweni lwedijithali lwaseNdiya , ngokusho kwemithombo yezimboni.
Ikhalenda namabhange okubekwa
Le nkampani ihlose ukuqala emakethe yamasheya ngoDisemba , lapho ihlose khona ukuletha imakethe enhle kanye nokunamathela ohlelweni lwangaphakathi.
Ukuze aqalise lo msebenzi, uMeesho uqashe iqembu elisezingeni eliphezulu: iKotak Mahindra Capital, iJP Morgan, iMorgan Stanley, i-Axis Capital kanye neCitigroup bazosebenza njengabahleli bezincwadi kanye nabaxhumanisi bomhlaba wonke.
Ifayela elibuyekeziwe elithunyelwe kumphathi libonisa ukuthi inkampani isivele inemvume yokulawula yokuqhubekela phambili nenqubo, kulandela isigaba sokwethula esiyimfihlo sangaphambilini esavumela ukuthi umsebenzi ulungiswe ngaphandle kokudalula idatha ebucayi.
Ukuphuma kukaMeesho okungenzeka kufike ngaphambi kokwabanye abancintisana nabo kwezentengiselwano ze-inthanethi, okuwuphawu lokuthi izinkampani zobuchwepheshe zaseNdiya sezikulungele imakethe yomphakathi.
Amamethrikhi okusebenza nezezimali
Ngonyaka wezimali odlule, iMeesho yahlanganisa isikali sayo: abasebenzisi bokuthengiselana minyaka yonke bafinyelele izigidi ezingu-213 kusukela ngoJuni kanti ama-oda afakiwe afinyelele izigidigidi ezingu-1,8, kanye nesilinganiso esiphakathi esikhuphuke kusukela ku-7,5 kuya ku-9,4 ngokuthenga ngonyaka.
Inani Lempahla Ephelele (i-NMV) lenyuke ngo-29% laya ku- ₹29.988 crore ku-FY25 futhi laqhubeka nesivinini kwikota yokuqala yonyaka omusha wezimali, lapho lakhuphuka ngo-36% unyaka nonyaka laya ku-₹8.679 crore.
Emiphumeleni, inkampani ithole ukulahlekelwa okungu- ₹3.942 crore ngenxa yezindleko ezingavamile ezihlobene nokushintsha kwehhovisi elibhalisiwe kanye nokulungiselela kwalo ukufakwa ohlwini; ngaphandle kwalokho, ukulahlekelwa bekuyoba cishe ku-₹289 crore futhi ukulahlekelwa ngaphambi kokuba izinto ezingavamile zehliswe kwaba ngu-₹108 crore.
Ukugeleza kwemali kwamahhala kuthathe ushintsho olukhulu: kusukela ezibalweni ezingezinhle kuye kwafinyelela cishe ku-₹1.032 crore positive (kufaka phakathi imali engenayo), okuyingqophamlando engavamile phakathi kwamapulatifomu amakhulu e-e-commerce.
Kwezokuthutha, iValmo — iyunithi yenkampani uqobo — isibe yisivikelo sokusebenza kahle, iphatha cishe ama-oda angu-61% kanye nokuthunyelwa okucishe kube yizigidi ezingu-300 kwikota ka-Ephreli-Juni, ngokusho kwezilinganiso zemboni.
Isu, ukusetshenziswa kwezimali kanye nesimo semali
Imali eyinhloko evela ku-IPO izokwabelwa ingqalasizinda yamafu , ukuqinisa amaqembu e-AI kanye nokufunda komshini, izinhlelo zokumaketha, ukuthengwa okungenzeka, kanye nezinjongo ezijwayelekile zenkampani.
Ngemva kokubekwa, inkampani ingaba nesimo semali esingaba ngu- ₹7.500 crore , ngenhloso yokusheshisa ukukhula okunenzuzo nokuqinisa uhlelo lwayo lomthengisi.
I-Meesho, eyaqala njengenkundla yezentengiselwano yezenhlalo futhi yaguquka yaba yimakethe enenani elivundlile, ikhulise ukuba khona kwayo ngale kwamadolobha amakhulu, ithola ukuthandwa emadolobheni asezingeni lesi-2 nelesi-3 futhi yahlukanisa inhlanganisela yayo yezigaba ngale kwemfashini.
Inhlokodolobha ihlanganisa abatshalizimali abanjengoSoftBank, Prosus, Elevation Capital, Peak XV, kanye neWestBridge, phakathi kwabanye; umjikelezo wokugcina ofanele - ikakhulukazi ngezimali zesibili - ubeke inani lentengo cishe ku- $3,9 billion , ngaphansi kwenani eliphakeme langaphambilini lama-$5 billion.
Ingqikithi yokuncintisana nemakethe
Ukuhweba nge-inthanethi kwaseNdiya kusesigabeni sokwanda kwesakhiwo, kanye nezibikezelo zokukhula esiteshini esiku-inthanethi eminyakeni ezayo; kulokhu, i-IPO kaMeesho iphakathi kwemisebenzi ebhekwe kakhulu kulo mkhakha ngenxa yobukhulu bayo nesikhathi sayo.
Ngokumelene nezimbangi ezisunguliwe, isiphakamiso senani lamanani okuncintisana kanye nokumbozwa okubanzi kwendawo kusebenza njengesisekelo sokuthola isabelo semakethe ngevolumu ye-oda , yize i-GMV iyonke yomkhakha isalokhu incintisana kakhulu.
Uhlaka Lwephrezentheshini eyimfihlo
Isiteshi esiyimfihlo esivunywe yi-SEBI kusukela ngo-2022 sinikeza izinzuzo ezicacile: ubumfihlo obengeziwe ezigabeni zokuqala, ukuguquguquka okukhulu kokulungisa ishejuli kanye nesikhathi sokusebenza sokubuka esingafika ezinyangeni ezingu-18 uma kuqhathaniswa nesikhathi esijwayelekile esingu-12.
Le ndlela iye yamukelwa ezinye izinkampani zobuchwepheshe bendawo ezihlela ukungena emakethe, futhi ivumela iMeesho ukuthi ilinganise ngokunembile iwindi lokwethulwa futhi ivikele ulwazi lokuncintisana ngaphambi kwencwajana yokugcina.
Ngokuvunyelwa komthetho, incwadi yasebhange ephezulu kanye nokudonsa ukusebenza, iMeesho ibhekene nokuqala kwayo esidlangalaleni ngenhlanganisela yesikali , ukuhamba kwemali kanye nokusebenza kahle okungavamile ukubonwa kwezentengiselwano ze-e-commerce zaseNdiya, ilinde ukuqinisekiswa kokugcina kwemakethe.
