• Meesho is targeting a valuation of up to Rs 50,092 crore ($5.6 billion) in its upcoming IPO, a reduction of approximately 20% from its previous target. The company has set a price band of Rs 105-111 per share.
• Investors in Meesho are significantly reducing the number of shares they plan to offload in the IPO, with many planning to divest 40% fewer shares than initially proposed. This decision aims to attract long-term investors and ensure their future profitability.
• Elevation Capital, a major investor, plans to divest less than half of its originally planned stake, expecting a 37x return on its investment made in 2017. Their total stake in Meesho is currently valued at approximately $700 million.
• Peak XV Partners, formerly Sequoia Capital India, is also reducing its share divestment by about 40%, anticipating a 26x return on its initial investment from 2018. Their remaining stake in Meesho is valued at around $580 million.

Malvika Maloo

Elevation Capital and Peak XV Partners, two of India’s most prolific venture capital firms, are looking at multi-.........

Elevation Capital, Peak XV eyeing multimillion outcomes as Meesho seeks $5.6 bn valuation

Venture Capital

Elevation Capital and Peak XV Partners, two of India&rsquo;s most prolific venture capital firms, are looking at multi-million-dollar outcomes from their...

Meesho

Elevation Capital

Peak XV Partners

Y Combinator

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