Promoters, early investors see windfall paper gains from Meesho’s $5.7 billion valuation; founders’ stake worth Rs 8,750 crore

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Founders and early investors in Meesho are sitting on major paper gains after the ecommerce company set a price band of Rs 103–111 per share for its upcoming initial public offering (IPO), valuing the company at around Rs 51,535 crore ($5.74 billion).

Cofounders Vidit Aatrey and Sanjeev Kumar together hold around 18.5% in the company, worth Rs 8,749 crore at the upper end of the price band. Both are selling 1.6 crore shares each, and are expected to realise about Rs 178 crore from the offer for sale (OFS).

CEO Aatrey, who holds 47.2 crore shares,…



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Promoters, early investors see windfall paper gains from Meesho’s $5.7 billion valuation; founders’ stake worth Rs 8,750 crore



Founders and early investors in Meesho are sitting on major paper gains after the ecommerce company set a price band of Rs 103–111 per share for its upcoming initial public offering (IPO), valuing the company at around Rs 51,535 crore ($5.74 billion).

Cofounders Vidit Aatrey and Sanjeev Kumar together hold around 18.5% in the company, worth Rs 8,749 crore at the upper end of the price band. Both are selling 1.6 crore shares each, and are expected to realise about Rs 178 crore from the offer for sale (OFS).

CEO Aatrey, who holds 47.2 crore shares,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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