Meesho founders, early investors Elevation, Peak XV see $1 billion gains as ecommerce startup lists

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Meesho’s early backers Elevation Capital and Peak XV Partners, as well as its founders Vidit Aatrey and Sanjeev Kumar, are sitting on gains of almost a billion dollars after the ecommerce company made its stock market debut on Wednesday.

Aatrey and Kumar together hold a 16.2% stake in the company, according to its IPO prospectus. Based on the current trading price, their combined holding is valued at more than Rs 12,190 crore. Both sold 1.6 crore shares each, realising about Rs 178 crore from the offer for sale component of the issue.

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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 founders, early investors Elevation, Peak XV see $1 billion gains as ecommerce startup lists


Meesho’s early backers Elevation Capital and Peak XV Partners, as well as its founders Vidit Aatrey and Sanjeev Kumar, are sitting on gains of almost a billion dollars after the ecommerce company made its stock market debut on Wednesday.

Aatrey and Kumar together hold a 16.2% stake in the company, according to its IPO prospectus. Based on the current trading price, their combined holding is valued at more than Rs 12,190 crore. Both sold 1.6 crore shares each, realising about Rs 178 crore from the offer for sale component of the issue.

Elevation…



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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