US-based investment giant Fidelity Investments has sold shares worth around Rs 988 crore in e-commerce company Meesho through a block deal, according to stock exchange data.
The transaction involved the sale of 5.98 crore shares, representing around 1.31% stake in the company. Fidelity's entities FID FDI 2117 LLC and FID FDI 312 LLC sold the shares at a price of around Rs 165.2 per share, taking the total deal size to approximately Rs 988 crore.
While the identities of all buyers were not immediately disclosed, the transaction marks one of the largest secondary deals in Meesho since its stock market debut.
The sale comes months after Meesho's public listing and follows the expiry of lock-in restrictions for several pre-IPO shareholders. The development could pave the way for more early investors to partially monetize their holdings in the company over the coming months.
Founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, Meesho has emerged as one of India's largest e-commerce platforms, focusing on value-conscious consumers across tier II and smaller cities. The company competes with major players such as Amazon and Flipkart while continuing to expand its seller and customer base.
During the quarter ended March 2026, Meesho reported a 47% year-on-year increase in revenue to Rs 3,531 crore, compared with Rs 2,400 crore in the corresponding quarter of the previous fiscal year. The company also narrowed its losses by 88% to Rs 166 crore during the period.
Meesho's shares were trading at Rs 167.5 apiece at the time of writing, giving the company a market capitalization of around Rs 77,090 crore.
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