Highlights
Fidelity Investments, a prominent name in the investment sector, has divested shares valued at approximately Rs 988 crore in the e-commerce platform Meesho through a block deal, as per recent stock exchange revelations. This significant transaction involved the transfer of 5.98 crore shares, constituting about 1.31% of the company’s equity.
Details of the Transaction
The entities under Fidelity, namely FID FDI 2117 LLC and FID FDI 312 LLC, executed the sale at around Rs 165.2 per share. This brings the total value of the transaction to roughly Rs 988 crore. Although the identities of the buyers were not publicly revealed immediately, this event stands out as one of the most substantial secondary deals involving Meesho since the company went public.
Market Context
This sale comes a few months following Meesho’s IPO and coincides with the end of lock-in periods for numerous pre-IPO stakeholders. The scenario could facilitate additional early investors in partially cashing out their investments in the near future.
About Meesho
Established in 2015 by Vidit Aatrey and Sanjeev Barnwal, Meesho has grown into one of the leading e-commerce platforms in India, catering to cost-conscious consumers, particularly in tier II and smaller cities. The platform finds itself in competition with major players such as Amazon and Flipkart while simultaneously expanding its pool of sellers and customers.
Financial Performance
In the quarter ending March 2026, Meesho reported a remarkable 47% year-on-year revenue growth, reaching Rs 3,531 crore compared to Rs 2,400 crore in the same period of the previous fiscal year. Additionally, the company managed to reduce its losses by 88%, bringing them down to Rs 166 crore during this time frame.
At the time of reporting, Meesho’s shares were priced at Rs 167.5 each, attributing the company a market capitalisation of around Rs 77,090 crore.