Peak XV, Elevation sell 2.27% of Meesho for ₹1,949 crore in block deals
Meesho’s early backers Peak XV Partners and Elevation Capital each sold 5.24 crore shares at ₹186 apiece. Axis Mutual Fund, Fidelity and other institutional investors acquired the stock; the sale follows Meesho’s Q1 FY27 revenue growth of 48% year-on-year.
Meesho early investors Peak XV and Elevation Capital sold a combined 2.27% stake for Rs 1,949.28 crore through NSE block deals. Domestic and global institutions, led by Axis Mutual Fund and Fidelity, acquired the shares.
Why this matters
The stake sale follows Meesho's recent focus on its reseller-led social-commerce model, including signals on digitising unorganised Indian retail through resellers.
Retail-company signals are accelerating, up 204443% QoQ.