Meesho IPO turns founders into billionaires overnight
Business
Meesho's stock debut was a game-changer for its co-founders, Vidit Aatrey and Sanjeev Kumar.
Shares jumped 53% on listing day, closing at ₹170—way up from the IPO price of ₹111—and pushing Meesho's value to about $8.5 billion.
Big payday for founders and early investors
Aatrey and Kumar each sold 1.6 crore shares, pocketing nearly ₹273 crore (around $30 million) apiece, while their remaining stake is now worth about $1.4 billion each.
Early backers like Elevation Capital and Peak XV Partners also scored big, with their stakes now valued at over $2 billion combined after selling some shares during the IPO.