Meesho block deal worth Rs 1,949 crore changes hands as Peak XV, Elevation eye exit
What's the deal? A block deal worth about Rs 1,949 crore was executed in Meesho on 4 August 2026, with 10.48 crore shares — around 2.27% of the company's equity — changing hands at an average price of Rs 186 apiece.
Why now? The trade came a day after CNBC-TV18 reported, citing sources, that existing investors Peak XV Partners and Elevation CapitalDealroom has a profile for this one. Try Dealroom → were exploring a combined 2.3% stake sale through block deals. That report pegged the deal size at around Rs 1,900 crore, with a floor price of Rs 182.08 per share — a 5% discount to the previous close.
Who's selling? The buyers and sellers have not been officially confirmed. As of the June 2026 quarter, Peak XV Partners Investments VDealroom has a profile for this one. Try Dealroom → held 10.06% in Meesho and Peak XV Partners Growth Investments IVDealroom has a profile for this one. Try Dealroom → owned 1.39%, while Elevation Capital VDealroom has a profile for this one. Try Dealroom → held 12.04%, according to CNBC-TV18.
What about the business? The e-commerce platform narrowed its consolidated net loss to Rs 132.8 crore in the June 2026 quarter, from Rs 289.4 crore a year earlier. Revenue from operations rose 48% to Rs 3,712.8 crore, and EBITDA loss shrank to Rs 224.7 crore from Rs 264.4 crore.
Market reaction: On the day of the trade, Meesho shares traded about 0.96% higher at Rs 193.40 on the NSE, after touching an intraday high near Rs 195.
The signal: Early backers trimming positions in a recently listed, still-loss-making platform is a familiar pattern — investors take partial exits as losses narrow and public markets absorb the shares.
Read more: India Today
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