Elevation plans ₹3,914 crore stake sales in Paytm and Meesho
Elevation Capital is set to sell Paytm shares worth up to ₹2,002 crore and Meesho shares worth ₹1,912 crore, with Peak XV also participating in the Meesho block deal. The planned transactions follow Paytm’s stronger June-quarter profitability and narrower losses at Meesho.
Elevation Capital plans block sales of Paytm shares worth up to ₹2,002 crore and Meesho shares worth ₹1,912 crore alongside Peak XV. The transactions follow improved Paytm quarterly profitability and narrower Meesho losses, reflecting VC portfolio monetisation rather than a stated change in business outlook.
Why this matters
The planned sale follows Paytm’s stronger June-quarter profitability and its 35% payment-processing cost cut after a bank-partner migration. It also aligns with a recent signal that SAIF and Elevation were planning a ₹2,002 crore Paytm block deal.
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