Peak XV, Elevation to sell 2.3% Meesho stake in ₹1,900 crore block deal
Early investors Peak XV Partners and Elevation Capital are set to sell about 10.5 crore Meesho shares at a floor price of ₹182.08 each. The deal follows Q1 FY27 revenue growth of 48% to ₹3,712.8 crore and a narrowed net loss of ₹132.8 crore.
Early investors Peak XV and Elevation Capital will sell a combined 2.3% Meesho stake through a roughly ₹1,900 crore block deal. The social-commerce platform reported 48% Q1 FY27 revenue growth to ₹3,712.8 crore while narrowing its net loss to ₹132.8 crore.
Why this matters
The sale follows Meesho’s recent reseller-led social commerce push, including signals on empowering resellers and digitising India’s unorganised retail, while the company reports stronger Q1 FY27 revenue and lower losses.
Retail-company signals are accelerating, up 230450% QoQ.