News
Meesho shares hit 5% lower circuit for second straight session
By Startup Enthusiast ·
- Date
- Company
- Meesho
- What it does
- social commerce platform
- Kind
- News
- Founded
- 2015
What they do
Meesho is a social commerce platform that connects sellers and buyers in non-metro cities through a commission-free model
What happened
Meesho's shares hit the 5% lower circuit on two consecutive trading sessions after the 30-day lock-in period for anchor investors ended
Why it matters
The company posted a net loss of INR 701 Cr in the first half of FY26, despite a 29% rise in operating revenue to INR 5,578 Cr
The details
- Meesho shares hit the 5% lower circuit on the BSE for the second straight session on January 8, 2026.
- Meesho shares fell to INR 164.55 during intraday trading, marking the second consecutive day of a 5% drop.
- Meesho's 30-day lock-in period for anchor investors ended on January 6, 2026, allowing 10.98 Cr shares to become eligible for trading.
- Meesho's remaining 10.98 Cr shares of anchor investors will become eligible for trading on March 7, 2026.
- Meesho shares recovered slightly to INR 165.85 at 14:38 IST, but the stock is on track for a third consecutive session in the red.
- Meesho made its public debut on December 10, 2025, after its IPO was oversubscribed 79 times.
- Meesho listed at INR 161.20 per share on the BSE, a 45.2% premium to the issue price of INR 111.
- Meesho's stock surged nearly 130% from the issue price to reach INR 254.65 on the BSE after listing.
- Meesho's IPO included a fresh issue of INR 5,421 Cr and an offer for sale of up to 10.6 Cr shares.
- Meesho's co-founders and investors like Elevation Capital and Y Combinator offloaded shares via the offer for sale.
The bigger picture
- Meesho is one of India’s largest e-commerce platforms, primarily serving value-conscious users in non-metro cities.
- Meesho does not charge commission from sellers and earns revenue from delivery, advertising, and assurance services.
- Meesho posted a consolidated net loss of INR 701 Cr in the first half of FY26, down 72.1% from INR 2,513 Cr a year ago.
- Meesho's operating revenue rose 29% to INR 5,578 Cr in H1 FY26 from INR 4,311 Cr in H1 FY25.
- Meesho has 213 Mn annual transacting users, with over 87% from outside India’s top eight cities.
About the business
- Meesho is a social commerce platform that connects sellers and buyers in non-metro cities.
- Meesho operates a commission-free model, earning revenue from delivery, advertising, and assurance services.
- Meesho primarily serves value-conscious users in non-metro cities, where it has a strong presence.
- Meesho has 213 Mn annual transacting users, with over 87% from outside India’s top eight cities.
- Meesho reported a net loss of INR 701 Cr in the first half of FY26, despite a 29% rise in operating revenue to INR 5,578 Cr.
The deal
- Type
- ipo
Investors
- Elevation Capital (investor) — Venture capital firm that invested in Meesho.
- Peak XV Partners (investor) — Venture capital firm that invested in Meesho.
- Venture Highway (investor) — Venture capital firm that invested in Meesho.
- Y Combinator (investor) — Venture capital firm that invested in Meesho.
Founders
- Vidit Aatrey, co-founder
- Sanjeev Barnwal, co-founder
More on Meesho
- Nomura issues reduce rating on Meesho shares25 September 2026 · News
- RPS Ventures sells 0.9% stake in Meesho for Rs 899.7 crore23 September 2026 · Stake sale · ₹899.7 crore
- Meesho shares surge after UBS raises target price18 September 2026 · Results
- Meesho completes initial public offering on NSE12 September 2026 · IPO · ₹5,421.20 Cr
- Meesho discontinues CPO role, restructures product team9 September 2026 · Layoffs
- SoftBank sells 1.7% Meesho stake for ₹1,650 crore3 September 2026 · Stake sale · ₹1,650.40 Cr
- Meesho prioritizes long-term growth over short-term cash flow25 August 2026 · Results
- SoftBank sells 1.73% stake in Meesho via block deal22 August 2026 · Stake sale · ₹1,650.4 Cr
Same day
- The Sleep Company names former Eternal executive Hemal Jain as CFO8 January 2026 · People
- Multibagg AI raises Rs 1.5 crore pre-seed round8 January 2026 · Funding · Rs 1.5 crore
- Namma Yatri partners with OneBanc for corporate travel8 January 2026 · Partnership
- Aman Gupta and Anupam Mittal clash on Shark Tank8 January 2026 · News
- Amagi lists as first new-age tech IPO of 20268 January 2026 · IPO · INR 1,788.6 Cr
- Spector.ai raises Rs 58 crore led by IvyCap8 January 2026 · Funding · Rs 58 crore (about $6.7 million)