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2 clusters · 2 sources · 12 days · First seen · Last updated

Meesho earnings and stake sale

Overview

In late July 2026, Meesho reported its first‑quarter FY27 results, showing a narrowed net loss of Rs 132.8 crore versus Rs 289.35 crore a year earlier and a 48% year‑on‑year revenue increase to about Rs 3,712 crore. Gross merchandise value and net merchandise value also rose, and the board approved a Rs 75 crore investment in its grocery subsidiary while highlighting AI‑driven productivity gains.

A week later, in early August 2026, two major investors—Elevation Capital and Peak XV Partners—off‑loaded a combined 2.3% stake, selling 10.48 crore shares for roughly Rs 1.95 trillion. The transaction pushed Meesho’s share price down about one percent on the NSE. Post‑sale, Elevation Capital’s holding fell to 10.91% and Peak XV’s to 8.93%, leaving them alongside Naspers and SoftBank’s SVF‑2 Meircate as the platform’s largest shareholders.

Entities

Peak XV Partners · Naspers · Elevation Capital · SoftBank · Meesho

Timeline

  1. 8 days ago

    [BUSINESS] 2 sources
    Meesho stake sold by Elevation Capital, Peak XV for 1.95 trillion rupees

    Elevation Capital and Peak XV Partners sold a combined 2.3% stake in Meesho for 1.95 trillion rupees, reducing their holdings to 10.91% and 8.93% respectively.

  2. 20 days ago

    [BUSINESS] 3 sources
    Meesho narrows Q1 FY27 loss as revenue jumps 48%

    Meesho cut its Q1 FY27 loss to Rs 132.8 cr, with revenue up 48% to Rs 3.7 trn and a Rs 75 cr investment in its grocery arm.

Sources

cyproperty.com · ibc24.in