According to reports from CNBC TV18, Elevation Capital is likely to sell its stake in e-commerce platform Meesho through a block deal, with the investor seeking to raise ₹1,200 crore. The venture capital firm held a 12.04% stake in Meesho as of June 2026. The block deal is aimed at raising ₹1,200 crore through a stake sale, sources in the know told CNBC TV18.
As reported by CNBC TV18, Meesho reported a consolidated net loss of ₹132.8 crore for the first quarter of FY27, compared with a loss of ₹289.4 crore in the corresponding period last year. Revenue from operations increased 48% year-on-year to ₹3,712.8 crore from ₹2,503.9 crore. Earnings before interest, taxes, depreciation and amortisation (EBITDA) loss stood at ₹224.7 crore during the quarter, compared with an EBITDA loss of ₹264.4 crore in Q1 FY26.
According to CNBC TV18, Meesho's Net Merchandise Value (NMV) grew 34% year-on-year to ₹11,614 crore, driven by continued user growth and higher engagement on the platform. Marketplace revenue from operations increased 48% year-on-year to ₹3,707 crore, supported by improved delivery conversion through lower cancellations, reduced Return-to-Origin (RTO) rates and higher platform monetisation. The company's contribution margin expanded to 4.6% of NMV, increasing 54 basis points sequentially, supported by logistics efficiencies and improved platform monetisation.
As reported by CNBC TV18, Meesho's annual transacting users (ATUs) increased 29% year-on-year to 274 million, while purchase frequency improved to 10.3 transactions per user annually. The platform recorded 725 million placed orders during the quarter, up 29% year-on-year. Prepaid orders accounted for around 37% of shipped orders, contributing to lower cancellations and Return-to-Origin rates. The company continued investments in artificial intelligence (AI) across its platform, accelerating its AI-first engineering transformation by integrating AI across the software development lifecycle, resulting in more than two times productivity gains for engineers.
According to CNBC TV18, shares of Meesho Ltd ended at ₹182.55, down by ₹2.70, or 1.46%, on the BSE. The company's annual transacting sellers increased 81% year-on-year to more than 1.04 million, with 45% of sellers based in Tier 2 and beyond towns, while growth among Tier 4 sellers stood at 125% year-on-year.
