Meesho backers Elevation Capital and Peak XV sell 2.3% stake for ₹1,949 crore
Elevation Capital and Peak XV Partners divested a combined 2.3% stake in Indian e-commerce marketplace Meesho through NSE open-market block deals, valued at ₹1,949 crore.
Elevation Capital and Peak XV Partners sold a combined 2.3% stake in Indian e-commerce marketplace Meesho for ₹1,949 crore through NSE open-market block deals. The market update also noted speculation around possible MDR charges on UPI, though experts said charges are unlikely.
Why this matters
The stake sale follows Meesho's ₹202 crore Kirana Club acquisition and its continued focus on a reseller-led model serving India's unorganised retail market.
Retail-company signals are accelerating, up 164789% QoQ.
Also reported by
- The Hindu BusinessLine — Same time