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●      Provides structured support across key IPO readiness milestones

Mumbai, June 03, 2026 – Meesho, India’s largest e-commerce platform by annual transacting users and orders, announced the launch of Project Shikhar in partnership with BSE Ltd. The initiative aims to enable MSMEs to transition into publicly listed entities on the BSE SME platform, addressing their access to growth capital.

The collaboration, formalised through an MoU, was signed in the presence of Shri Sundararaman Ramamurthy, MD & CEO, BSE and Ms Lopamudra Rao, Head of Corporate Affairs, Meesho. It marks a significant step towards enabling grassroots digital businesses to access institutional capital.

Shri Sundararaman Ramamurthy, Managing Director & CEO, BSE, said: “At BSE, we pioneered the SME platform to give India’s most dynamic, job-creating businesses a direct route to capital markets. Over the years, the BSE SME platform has enabled hundreds of MSMEs to list, raise growth capital, and strengthen governance standards. This partnership with Meesho extends that ecosystem to digital-first entrepreneurs, helping e-commerce sellers become public companies.”

Lopamudra Rao, Head of Corporate Affairs, Meesho, said: “A significant share of our seller ecosystem comprises entrepreneurial businesses that have scaled rapidly on our platform. Moving from a successful e-commerce brand to an investor-ready entity is complex, and Project Shikhar removes that friction. Through this partnership with BSE, we are not just helping sellers raise public capital; we are building a pipeline of compliant, transparent businesses that will fuel India’s formal economy.”

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The new derivative contracts are unique as it is the only index derivatives in India with benchmark representing the Information Technology (IT) sector.

The IT sector is one of the largest by market capitalization, accounting for approximately 6%¹ of all listed companies on BSE. With over 250 listed IT companies, the sector also represents nearly 6% of Foreign Portfolio Investments (FPIs)² in the Indian market.

The growing prominence of the IT sector is further reflected in the passive investment space, with 17 passive products currently benchmarked to IT indices in India. Given its strong export orientation, the sector remains highly sensitive to global economic trends, currency movements, and technological shifts. In this context, derivatives on the BSE Focused IT Index provide investors with an effective instrument for hedging, trading, and managing portfolio risk.

The Futures and Options contracts on the BSE Focused IT Index are cash-settled and available in three serial monthly contracts. The contracts expire on the last Thursday of the expiry month, in line with BSE’ existing index derivatives framework. The first day of the launch witnessed participation from 172 members, with a total turnover of Rs 148 crore.

Speaking on the occasion, Shri Sundararaman Ramamurthy, MD & CEO, BSE, said, “The launch of derivatives on BSE Focused IT Index reflects our effort to align with the evolving market needs. With the IT sector’s global linkages, rapid technological shifts, and currency sensitivities, this new derivative product will complement our index derivatives suite while enhancing risk management avenues for investors. We thank all market participants for their continued support and engagement, which enables us to introduce products that deepen and strengthen India’s capital market ecosystem.”

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