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Vidit Aatrey (left), Anupam Mittal (right)
Anupam Mittal praised Meesho as its shares doubled from their IPO price, delivering 110 per cent during the last six trading sessions. He said that while Bengaluru-based Meesho has been quietly winning in India, its rivals, Amazon and Flipkart, are throwing everything they have at the desi market.
Anupam Mittal lauds startups for catering 'desi' market
“Watching Meesho quietly win in Bharat while Amazon and Flipkart throw everything they have at India, is a good reminder. Distribution & local beats generic brute force,” Mittal wrote on social media.
Then the Shaadi.com founder mentioned that while everyone is busy making ChatGPT, only a few are building it for Indians. He lauded Puch AI for making “very Indian" AI.
“Tried a few local GPTs including Puch AI. Very colloquial. Very Indian. Use cases most global models don’t think about,” he said.
Mittal added, “India doesn’t just consume platforms. It reshapes them.”
Watching Meesho quietly win in Bharat 🇮🇳 while Amazon and Flipkart throw everything they have at India, is a good reminder.
— Anupam Mittal (@AnupamMittal) December 18, 2025
Distribution & local beats generic brute force. That got me thinking about AI.
Tried a few local GPTs including Puch AI.
Very colloquial. Very Indian.…
Meesho's IPO win
SoftBank-backed e-commerce firm Meesho's stock debuted on the market on 10 December, climbing to Rs 233.50 in the latest session, significantly above its IPO price of Rs 111.
Its market capitalisation surpassed the Rs 1 lakh crore milestone for the first time, with a staggering figure standing at Rs 1,000,823.35 crore.
Meesho’s co-founder and CEO, Vidit Aatrey, joined India’s billionaire club on Monday, December 16, 2025, after the company’s shares leapt 74% following their IPO, according to the BSE website. According to Meesho’s latest shareholding disclosure, Aatrey holds a 10.12% stake in the company, or about 45.65 crore equity shares.
On December 16, 2025, Aatrey’s stake was valued at over ₹8,834 crore, making him one of the billionaires in India.