Elevation Capital likely to sell Meesho stake worth ₹1,200 crore in block deal
Elevation Capital is reportedly set to offload its 12.04% Meesho holding. The proposed deal follows a strong Q1 FY27 for the marketplace, with revenue up 48% year-on-year to ₹3,712.8 crore and net loss narrowing to ₹132.8 crore.
Elevation Capital is likely to sell its 12.04% Meesho stake through a ₹1,200 crore block deal. Meesho reported improved Q1 FY27 profitability metrics, 48% revenue growth and expansion in users, orders, seller base and branded marketplace participation.
Why this matters
The reported stake sale follows Motilal Oswal initiating Meesho at Buy with a ₹240 target and 30%+ upside outlook, while Meesho continues its reseller-led digitisation strategy.
Retail-company signals are accelerating, up 577350% QoQ.