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Elevation Capital set to be top seller in Meesho IPO
Financial Express Lucknow
|October 20, 2025
E-COMMERCE UNICORN MEESHO'S upcoming initial public offering (IPO) will see several of its investors and both of its co-founders partially exit their holdings, according to its updated draft red herring prospectus (UDRHP) filed late on Saturday.
The company plans to raise ₹4,250 crore through a fresh issue of shares and in addition to the primary capital raise, a group of existing shareholders, including Elevation Capital, Peak XV Partners, Venture Highway and Y Combinator, is collectively offering to sell up to 175.7 million shares via the offer for sale (OFS) route.
Besides them, co-founder & CEO Vidit Aatrey and co-founder & CTO Sanjeev Kumar will also sell part of their holdings. Aatrey, who has an 11.1% stake in the company, and Kumar, who holds 7.4%, are looking to sell up to 11.8 million shares each in the IPO, which could reduce their stakes marginally.
This story is from the October 20, 2025 edition of Financial Express Lucknow.
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