Now Reading: Y Combinator sells 1.05% Meesho stake for ₹970 crore
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Y Combinator sells 1.05% Meesho stake for ₹970 crore
Y Combinator offloaded 4.85 crore shares, or 1.05% stake, in Meesho for about ₹970 crore through block deals on the National Stock Exchange on Monday. The three Y Combinator entities sold shares at an average weighted price of ₹200.01 apiece, a discount of 2.5% to Friday's closing price. Domestic mutual funds including Nippon India, Edelweiss, Franklin Templeton and insurers such as HDFC Life and Bajaj Life were among the buyers. Foreign investors Societe Generale, Goldman Sachs, Morgan Stanley and the Kuwait Investment Authority also picked up shares.
The sale comes after Meesho reported Q1 FY27 results with a 54.1% YoY reduction in net loss to ₹132.8 crore while operating revenue grew 48% to ₹3,707 crore. Earlier this month, Elevation Capital and Peak XV Partners had sold a combined 2.3% stake worth ₹1,949 crore. Meesho shares closed marginally lower at ₹205.19 on the NSE.
Indian Opinion Analysis
Both inc42.com and The Hindu Businessline report Y Combinator's Meesho stake sale in straight wire-style, uniform in details and framing. The stories share identical transaction figures, buyer lists and financial context, differing only in minor wording and the time frame reference (inc42.com notes Q1 FY27 results, The Hindu Businessline notes the Groww sale a week earlier). The uniform coverage reflects that this is a straightforward market transaction with no political or regulatory controversy. The balanced reading shows institutional demand remains strong for Meesho shares despite sequential EBITDA loss widening from ₹167.5 Cr to ₹178.2 Cr. The next event to watch is Meesho's Q2 FY27 results due in November, where investors will see if the company can narrow its adjusted EBITDA gap further.
Coverage: 2 sources, 2 neutral
Sources (2): inc42.com (neutral report), thehindubusinessline.com (neutral report)
This story was synthesised by AI from the 2 sources linked above. Methodology and corrections.
Updated: this story now draws on 2 sources.
