# Peak XV, Elevation Capital sell 2.27% stake in Meesho for Rs 1,949 Cr via block deals — retained record

> Retained news record from news:india-entrackr.

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source: [news](https://highsignal.app/data/news) (news:india-entrackr)  published 2026-08-04 16:29 ingested 2026-08-05 08:44

[original source ↗](https://entrackr.com/news/peak-xv-elevation-capital-sell-227-stake-in-meesho-for-rs-1949-cr-via-block-deals-12229462)

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Meesho's early investors Peak XV Partners and Elevation Capital on Tuesday divested a combined 2.27% stake in the e-commerce marketplace through block deals on the NSE worth Rs 1,949.28 crore.
According to exchange data, both investors offloaded 5.24 crore shares each at Rs 186 apiece, taking the total shares sold to 10.48 crore.
The shares were acquired by a mix of domestic and global institutional investors. Axis Mutual Fund and Fidelity emerged among the largest buyers in the transaction.
Other participants included UTI Mutual Fund, HSBC Mutual Fund, ICICI Prudential Life Insurance Company, Franklin Templeton Mutual Fund, Edelweiss Mutual Fund, Kotak Mahindra Mutual Fund, Bajaj Allianz Life Insurance, Morgan Stanley Asia Singapore Pte, Goldman Sachs Bank Europe SE, Prudential Hong Kong, Societe Generale, BNP Paribas Financial Markets, Ashoka WhiteOak funds, Ghisallo Master Fund LP, India Acorn Fund, Susquehanna Pacific Pty Ltd, NRSGVCC and several other institutional investors.
As of June 2026, Elevation Capital and Peak XV Partners held 12.04% and 10.06% stakes in Meesho, respectively. Following the block deal, Elevation Capital pared nearly 9.4% of its holding, while Peak XV Partners reduced around 9.9% of its stake.
The transaction comes weeks after Meesho reported a strong June quarter. The company posted a 48% year-on-year increase in operating revenue to Rs 3,713 crore in Q1 FY27, while its net loss narrowed 54% to Rs 133 crore from Rs 289 crore in the corresponding quarter of the previous fiscal.
At the end of Tuesday's trading session, Meesho’ shares were priced at Rs 191.88, taking the company's market capitalization to Rs 88,750 crore (around $9.34 billion).
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