Meesho IPO unlocks major gains for Elevation, Peak XV, others; founders’ stake valued at Rs 8,750 crore

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Early investors in Meesho, including Elevation Capital and Peak XV Partners, are sitting on significant paper gains after the value-focused ecommerce company announced a price band of Rs 103-111 per share for its upcoming initial public offering (IPO), valuing it at Rs 51,535 crore ($5.74 billion).

Cofounders Vidit Aatrey and Sanjeev Barnwal, who have been tagged as Meesho’s promoters, together hold an 18.5% stake– worth Rs 8,749 crore at the upper end of the price band. Both are selling 16 million shares each, or a 0.3% stake, and are expected to…



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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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Meesho IPO unlocks major gains for Elevation, Peak XV, others; founders’ stake valued at Rs 8,750 crore


Early investors in Meesho, including Elevation Capital and Peak XV Partners, are sitting on significant paper gains after the value-focused ecommerce company announced a price band of Rs 103-111 per share for its upcoming initial public offering (IPO), valuing it at Rs 51,535 crore ($5.74 billion).

Cofounders Vidit Aatrey and Sanjeev Barnwal, who have been tagged as Meesho’s promoters, together hold an 18.5% stake– worth Rs 8,749 crore at the upper end of the price band. Both are selling 16 million shares each, or a 0.3% stake, and are expected to…



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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