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Nobody is talking about how Meesho is building three new high-margin tech businesses 😅😅 Rather what people are saying about Meesho’s IPO proves - 99.999% of people don’t see the context in which the money raised via the IPO is going to be spent. And my challenge: NOT ONE analyst, brokerage house, or media platform has covered these. Complete details below! .. 1️⃣ The AI Engine. - Nearly 44% of the IPO proceeds are for tech - That's Rs 1.4k crore for building own cloud infra + Rs 480cr for AI/ML specific talent salary spends (to attract the best people in big numbers) And all of this is to fuel what Meesho calls the "BharatMLStack." This AI platform already stores 55 Petabytes of data - up by a massive 34% in just 4 months since the DRHP was filed - which explains why they need to spend so much on cloud infra. And, it processes over 5.92 BILLION data points daily (up by a massive 40% in these 4 months). Daily. This engine is the product. And this function is important because this AI model is already responsible for a MASSIVE 74.57% of ALL orders on the platform! .. 2️⃣ The Content-Commerce Flywheel. The DRHP formally names "Content Creators" as a "fourth key stakeholder." And anyone who has studied Chinese e-com players enough knows that this is the same playbook as ByteDance + TikTok (Douyin). But Meesho is doing it in REVERSE. - Douyin (China's TikTok) built e-com on the back of its content - Meesho is using its massive e-com base to build a POWERFUL content platform And, this is already a proven biz which generated Rs 1.2k crore in net merchandise value. And guess what? This is also up by a massive 28% in just 4 months since DRHP was filed! .. 3️⃣ The Fintech Play. This one is blunt. The DRHP explicitly defines the goal to build a "digital financial services platform." This is the classic Alibaba/Alipay move. You build a massive e-com ecosystem. Then you solve the ecosystem's trust and credit problems. The result? A high-margin, sticky financial services business - Housed in a dedicated subsidiary called “Meesho Payments”. .. Thus, in all humility, this IPO isn't just about an e-com company going public. It’s about an e-commerce giant using its market dominance to FUND its transformation - becoming a diversified AI, content, and fintech conglomerate. And the big investors behind Meesho know this. - This is also probably why two of the largest, most sophisticated global tech investors on the captable - Napers (12.34%) and Softbank (9.30%) - are not selling a single share - Only ones selling anything are early VCs are taking profits, who have no option, as their funds are reaching the 7-10yr life cycle and they have to return the money to the LPs Else, everyone is holding for the company this IPO is designed to build. So, tell me - Did you know all this stuff?