Y Combinator Sells Meesho Stake for ₹957.5 Crore
By Business Desk
Y Combinator to sell 1.05% stake in Meesho for ₹957.5 crore on Aug 22, 2026, at a 4% discount. Kotak to broker the block deal.
Y Combinator is preparing to sell a 1.05% stake in Meesho through a block deal scheduled for Monday, August 22, 2026. This transaction carries a valuation of Rs 957.5 crore.
The shares are priced at Rs 197.5 each, representing a discount of up to 4% from Meesho’s previous closing price. Kotak is serving as the broker for this block deal.
Following the completion of this stake sale, Y Combinator will be subject to a 30-day lock-in period, preventing any further stake sales during this specific timeframe.
Meesho’s Recent Market Performance
Meesho’s shares closed at Rs 206 on Friday, recording a 1.68% decline. The stock also touched an intraday low of Rs 204.33 on the BSE.
Despite the recent dip, Meesho’s stock has demonstrated significant growth, surging by 20469.00% over the last 12 months and increasing by 14.13% year-to-date.
Prior Equity Transactions
Earlier in August, the e-commerce platform witnessed two other notable block deals. These transactions involved approximately 104.8 million shares, accounting for 2.27% of the company’s total equity.
The combined value of these previous deals totaled around Rs 1,949 crore, although the identities of the buyers and sellers were not publicly disclosed.
First Quarter Fiscal 2027 Financials
For the first quarter of fiscal year 2027 (Q1FY27), Meesho reported a net loss of Rs 132.8 crore. This marks a substantial reduction compared to a loss of Rs 289.3 crore in the corresponding period last year.
Revenue for Q1FY27 increased by 48.3% year-on-year, reaching Rs 3,713 crore. The company’s Net Merchandise Value (NMV) also grew by 34% year-on-year, amounting to Rs 11,614 crore.
Marketplace revenue climbed by 48% to Rs 3,707 crore. The contribution margin expanded by 54 basis points quarter-on-quarter, settling at 4.6% of NMV.
Furthermore, the marketplace adjusted EBITDA showed improvement, reaching -1.2% of NMV, reflecting enhanced operational efficiency.
This significant stake divestment by Y Combinator occurs amidst Meesho’s demonstrable financial improvements, evidenced by a narrower net loss and robust growth in both revenue and NMV during Q1FY27.