SoftBank sells Meesho shares worth Rs 1,650 crore
The shares were acquired by a range of institutional investors, including Societe Generale - ODI and Motilal Oswal Large and Midcap Fund.
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The shares were acquired by a range of institutional investors, including Societe Generale - ODI and Motilal Oswal Large and Midcap Fund.
The stake sale attracted participation from several domestic and international institutional investors, with Axis Mutual Fund and Fidelity among the key buyers.
New-age startup IPO class faces a reality check. Stocks have stumbled, yet early investors are cashing out.
The round also saw participation from existing investors Lightspeed and Z47.
Like every tech IPOs that we are seeing this year, Meesho's public offer is going to a big event for the exit starved venture capital investors.
The funding round saw participation from 8i Ventures, along with angel investors including Meesho founders Vidit Aatrey and Sanjeev Barnwal.