Y Combinator exits 1.05% Meesho stake in ₹970 crore block deal
Y Combinator sold 4.85 crore Meesho shares at an average ₹200.01 each, with domestic mutual funds, insurers and global institutions among buyers. The transaction follows recent Meesho stake sales by Elevation Capital and Peak XV.
What happened
Y Combinator sold a 1.05% stake in Bengaluru-based marketplace Meesho for Rs 969.63 crore through NSE block deals. Domestic mutual funds, insurers and global
Key facts
- Y Combinator sold 4,84,79,341 Meesho shares
- Stake sold: 1.05%
- Average sale price: Rs 200.01 per share
- Deal value: Rs 969.63 crore
- Meesho closing price: Rs 205.19 per share
- Elevation Capital and Peak XV previously sold 2.3% for Rs 1,949 crore
- Y Combinator sold 1.2% of Groww for Rs 1,435 crore on August 18
Why this matters
The block deal reinforces Meesho’s capital-markets maturity, potentially improving its strategic flexibility for partnerships, acquisitions or future fundraising.