13 Jan 2026 | 5 Mins Read
Meesho enters logistics, sets up new subsidiary
Flipitmoney
Meesho to incorporate a logistics subsidiary, filing states, with an initial share capital of Rs 1 lakh. BofA Securities initiates coverage with a 'Neutral' rating and Rs 190 price target, 14% above current levels. Meesho's shift to logistics services may help monetize its services and serve value-focused users efficiently, but execution and valuation concerns exist.