Meesho shares valued at approximately ₹1,949 crore changed hands in a block deal window on Monday, August 3, 2026.

According to CNBC-TV18, citing sources familiar with the matter, Peak XV Partners and Elevation Capital were expected to sell up to 10.5 crore shares, representing roughly a 2.3% stake in the company, through block deals.

Meesho is an Indian e-commerce marketplace operated by Meesho Ltd, focused on serving value-conscious consumers in tier 2, tier 3, and tier 4 cities. Originally launched as a social commerce platform enabling resellers to sell products through social media channels like WhatsApp, Meesho has since evolved into a broad e-commerce marketplace. It competes in India's online retail sector alongside established players such as Flipkart and Amazon India.

Peak XV Partners, formerly known as Sequoia Capital India before rebranding in 2023, is a prominent venture capital firm investing across India and Southeast Asia. Elevation Capital is another major venture capital firm with significant investments in Indian technology companies. Both firms are among the early backers of Meesho, having supported the company through multiple funding rounds as it scaled from a social commerce startup to one of India's prominent e-commerce platforms.

The report was published by CNBC-TV18 on August 4, 2026. Additional details regarding the buyers, the average transaction price, and the final traded volume were not disclosed in the initial report.

The block deal window allows large quantities of shares to be traded on stock exchanges at a negotiated price, typically involving institutional investors. Block deals of this scale are common mechanisms for early venture investors to manage their positions in growth-stage companies.

Source: CNBC-TV18