Meesho IPO Spurs Big Gains for Investors, Founders’ Stake Hits ₹8,750 Crore
Elevation Capital, Peak XV, Y Combinator, SoftBank among major shareholders to benefit from Meesho’s ₹51,535 crore IPO
Mumbai, Nov 29 : Early investors in Meesho are set to reap significant gains as the value-focused ecommerce platform announces its initial public offering (IPO) with a price band of ₹103-111 per share, valuing the company at ₹51,535 crore ($5.74 billion).
Cofounders Vidit Aatrey and Sanjeev Barnwal, holding a combined 18.5% stake, see their shares valued at ₹8,749 crore at the upper end of the band. Both promoters are selling 16 million shares each, representing 0.3% of the company, potentially realising about ₹178 crore individually through the Offer for Sale (OFS). Aatrey’s total holding of 472 million shares is valued at ₹5,245 crore, while Barnwal’s stake stands at ₹3,504 crore.
Early backers are also witnessing impressive returns. Elevation Capital, Meesho’s largest shareholder with a 13.6% stake, enjoys a 37x paper return on its investment, now valued at ₹6,432.2 crore. The firm has reduced its OFS portion to 2.4 crore shares, expected to raise ₹271.3 crore. Peak XV Partners, holding 12.8% of the company and valued at ₹6,055 crore, will sell 1.7 crore shares via the OFS, realising around ₹193 crore.
Y Combinator, a major global investor, holds 51 million shares (1.2% stake) now valued at ₹576.3 crore, translating to a 109-fold return. Dutch investor Prosus (12.3% stake) sees its holdings valued at ₹5,834 crore, while SoftBank’s 9.3% stake is worth ₹4,400 crore. WestBridge Capital (3.9%) and Venture Highway (merged with General Catalyst) also hold significant stakes, with Venture Highway seeing a 2.3x return, its shares now valued at ₹174.3 crore.
The IPO, opening on December 3 and closing on December 5, has trimmed the OFS component from 17.5 crore shares to 10.5 crore, while the fresh issue portion remains unchanged. Aatrey said the company is focusing on an asset-light strategy and expanding its user base ahead of the listing.
This IPO is part of a broader surge in listings by new-age companies, with several tech firms, including Urban Company, Lenskart, Groww, Ather Energy, Bluestone, and Pine Labs, unlocking over ₹15,000 crore ($1.6 billion) for shareholders via the OFS route in 2025 alone.
