Peak XV, Elevation sell 2.27% Meesho stake for ₹1,949 crore
Peak XV Partners and Elevation Capital sold 10.48 crore Meesho shares at ₹186 apiece through NSE block deals. Axis Mutual Fund and Fidelity were among the institutional buyers, following Meesho’s 48% year-on-year revenue growth in Q1 FY27.
What happened
Peak XV Partners and Elevation Capital sold a combined 2.27% stake in Indian e-commerce marketplace Meesho for Rs 1,949.28 crore through NSE block deals.
Key facts
- 2.27% combined stake sold
- Rs 1,949.28 crore transaction value
- 10.48 crore shares sold
- Rs 186 per share
- Peak XV sold 5.24 crore shares
- Elevation sold 5.24 crore shares
- Q1 FY27 operating revenue: Rs 3,713 crore, up 48% YoY
- Q1 FY27 net loss: Rs 133 crore, down 54% YoY
- Market capitalization: Rs 88,750 crore
Why this matters
The successful secondary placement strengthens Meesho’s cap-table quality and market credibility, potentially improving its strategic flexibility for partnerships, acquisitions, or future capital raises.