Peak XV, Elevation sell 2.27% Meesho stake for ₹1,949 crore
Peak XV Partners and Elevation Capital sold 10.48 crore Meesho shares at ₹186 apiece through NSE block deals. Axis Mutual Fund and Fidelity were among the institutional buyers, following Meesho’s 48% year-on-year revenue growth in Q1 FY27.
Peak XV Partners and Elevation Capital sold a combined 2.27% stake in Indian e-commerce marketplace Meesho for Rs 1,949.28 crore through NSE block deals. Institutional buyers included Axis Mutual Fund and Fidelity, following Meesho’s strong Q1 FY27 revenue growth and narrower loss.
Why this matters
The stake sale follows Meesho’s recent emphasis on its reseller-led social commerce model and serving India’s unorganised retailers, alongside 48% YoY revenue growth in Q1 FY27.
Retail-company signals are accelerating, up 204471% QoQ.