Elevation Capital, Peak XV Partners Sell Meesho Stock Worth ₹1,949 Cr

VC firms Elevation Capital and Peak XV Partners cumulatively sold 10.28 Cr shares of ecommerce major Meesho via multiple bulk/block deals on August 4, netting ₹974.6 Cr apiece. Elevation Capital, via holding entity Elevation Capital V Ltd, and Peak XV Partners, via Peak XV Partners Investments V, both sold 5.24 Cr shares at an average selling price of ₹186. The shares that flooded the market were lapped up by ADIA, Fidelity, Morgan Stanley, Goldman Sachs, HSBC Mutual Fund, Kotak Mahindra Mutual