Y Combinator Offloads 1% Meesho Stake for Nearly ₹970 Cr

Y Combinator has sold shares worth nearly ₹970 crore in listed ecommerce company Meesho, marking another sizeable stake sale by an early investor in the company. The US-based startup accelerator offloaded around 4.85 crore shares, equivalent to roughly a 1% stake, through multiple block deals.

The shares were sold through three Y Combinator-linked entities at a weighted average price of ₹200.01 apiece, generating approximately ₹969.6 crore. The transaction was executed at a discount to Meesho’s previous closing price of ₹205.07.

A broad group of institutional investors stepped in as buyers. Nippon India Mutual Fund purchased 2 crore shares, while HDFC Standard Life Insurance acquired 75 lakh. Franklin Templeton entities bought another 40 lakh shares, with Edelweiss Mutual Fund, Societe Generale, Millennium Management, Morgan Stanley, BNP Paribas and others also participating.

The deal follows other major stake sales in Meesho this month. Earlier in August, Elevation Capital and Peak XV Partners each sold shares worth about ₹974.6 crore, indicating significant liquidity for some of the ecommerce company’s early backers while institutional investors increase their exposure.

The transaction comes as Meesho continues to improve its operating performance. In Q1 FY27, revenue from operations rose 48% year-on-year to ₹3,707 crore, while consolidated net loss narrowed 54.1% to ₹132.8 crore. Net merchandise value grew 34% to ₹11,614 crore and annual transacting users increased 29% to 27.4 crore. For Meesho, the latest block deal reflects a familiar shift after listing — early startup investors monetising part of their holdings as larger public-market institutions move onto the cap table.