Elevation Capital, Peak XV sell ₹1,949 Cr of Meesho stock in block deals
Elevation Capital and Peak XV Partners each sold Meesho shares worth about ₹975 Cr at an average ₹186 per share, a 3% discount to the prior close. The sales follow Meesho’s Q1 FY27 revenue growth of 48% YoY and a 54% reduction in net loss.
Elevation Capital and Peak XV sold Meesho shares worth ₹1,949 Cr through block deals. The e-commerce platform reported Q1 FY27 revenue growth of 48%, a 54% reduction in net loss, and 72.5 Cr orders, supporting improved investor sentiment.
Why this matters
Recent signals show Meesho doubling down on reseller-led commerce to digitise India's unorganised retail. The investor stake sales follow improved Q1 FY27 revenue growth and a narrower net loss.
Retail-company signals are accelerating, up 204771% QoQ.
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