Meesho ownership shifts toward domestic funds post-IPO as JFS posts 2.6X profit jump
A wire roundup: Jio Financial Services logged ₹830.3 Cr net profit (2.6X YoY) on ₹2,005 Cr revenue (up 227%), while Meesho's domestic ownership climbed to 8.89% from 5.55% and foreign holdings slipped to 62.05%. D2C sugar-substitute brand The Sweet Change hit ₹1.7 Cr revenue across 15,000 orders.
Wire roundup covering JFS's profitable Q1 and payments/wealth-tech scaling, Meesho's shifting ownership as domestic funds raise stakes post-IPO lock-in, plus D2C sugar-substitute brand The Sweet Change's early traction in India's $650 Mn market.
Why this matters
Meesho's ownership shift extends its post-IPO story after the Rs 5,421 crore IPO at a Rs 50,096 crore valuation, with domestic holdings rising as investor lock-ins expire following its Kirana Club acquisition push into rural B2B.
Retail-company signals accelerating, up 846200% QoQ.