Stake sale · Professional & Local Services

Elevation Capital sells shares worth Rs 974.5 crore in Meesho

By Startup Enthusiast · 7 August 2026

Date: 7 August 2026
Company: Elevation Capital
What it does: Venture capital firm
Kind: Stake sale
Amount: Rs 974.5 crore
Sector: Professional & Local Services

What they do

Elevation Capital is a venture capital firm investing in consumer tech, fintech, enterprise AI, and other sectors

What happened

It sold shares worth Rs 974.5 crore in Meesho via a block deal on 8 August 2026, and also sold a 2.33% stake in Paytm for Rs 2,038 crore on the same day

Why it matters

Over 15 months, Elevation Capital has realised nearly Rs 6,000 crore from partial stake sales in listed Indian tech companies

The details

Elevation Capital sold shares worth Rs 974.5 crore in Meesho via a block deal on 8 August 2026.
On the same day, Elevation Capital and SAIF Partners sold a 2.33% stake in Paytm for Rs 2,038 crore.
The Paytm stake sale involved SAIF III Mauritius and SAIF Partners India IV offloading 1,38,79,743 shares (2.17% stake) at Rs 1,367.80 each.
Elevation Capital V Ltd sold 10,20,257 Paytm shares (0.16% stake) at Rs 1,367.80 each.
Buyers of Paytm shares included NPS Trust, Sundaram MF, Kotak Mahindra MF, Franklin Templeton MF, and others.
Over the past 15 months, Elevation Capital has realised nearly Rs 6,000 crore from partial stake sales in listed Indian tech companies.
These sales include Rs 1,556 crore from Paytm in November 2025, Rs 808 crore from ixigo, Rs 271 crore from Meesho's IPO OFS, and Rs 346 crore from Urban Company's IPO OFS.
After the latest block deal, Elevation's remaining Meesho stake is valued at around Rs 9,550 crore (over $1 billion).

The bigger picture

Elevation Capital is one of India's oldest venture capital firms.
It remains among the largest institutional shareholders in several listed new-age technology companies.
Elevation-backed companies have created $75 billion (25%) of India's total tech market cap.
The firm has partnered with 13 unicorns from Seed/Series A stage.

About the business

Elevation Capital is a venture capital firm that invests in early-stage and growth-stage companies.
It focuses on sectors including consumer tech, fintech, enterprise AI, frontier tech, healthcare, and consumer brands.
Its portfolio companies have created $75 billion (25%) of India's total tech market cap.
Elevation Capital has partnered with 13 unicorns from Seed/Series A stage.
Elevation-backed companies are four times more likely to raise follow-on funding.

The deal

Type: stake-sale

Founders

Mukul Arora, Managing Partner
Mridul Arora, Partner
Ganesh K, Partner

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