Meesho block deal: Peak XV, Elevation Capital to sell via ₹1,900 crore block deal – key things to know

Early investors Peak XV Partners and Elevation Capital are set to sell a combined 2.3% stake in Meesho through block deals valued at approximately ₹1,900 crore, according to market sources. The transaction involves about 10.5 crore shares at a floor price of ₹182.08 per share, representing a 5% discount to the prevailing market price. Morgan Stanley is acting as the broker for the deal.

Meesho, the social commerce platform that listed on the stock exchanges in December 2025 at an issue price of ₹111, has seen its shares trade in a wide range since then. The stock had corrected from post-listing highs near ₹254 and was hovering around the ₹180–190 levels in recent sessions.

The move follows after an earlier CNBC-TV18 report in late July of Elevation Capital exploring a larger stake sale. Peak XV and Elevation Capital were among Meesho’s significant pre-IPO shareholders and had already partially exited during the company’s initial public offering.

Meesho quarterly results

Meesho reported a consolidated net loss of ₹132.8 crore for the first quarter of FY27, compared with a loss of ₹289.4 crore in the corresponding period last year.

Revenue from operations increased 48% year-on-year to ₹3,712.8 crore from ₹2,503.9 crore. Earnings before interest, taxes, depreciation and amortisation (EBITDA) loss stood at ₹224.7 crore during the quarter, compared with an EBITDA loss of ₹264.4 crore in Q1 FY26.

Meesho’s Net Merchandise Value (NMV) grew 34% year-on-year to ₹11,614 crore, driven by continued user growth and higher engagement on the platform.