Rs 1,020 crore salary! Meesho IPO hands Elevation, Peak XV and founders rapid returns of up to 5,00,000%

Early backers of Meesho are eyeing blockbuster exits in the IPO for-sale offering, with paper profits running into hundreds of crores and robust return multiples at the price of Rs 111 per share. The e-commerce company’s shareholders, including Elevation Capital, Peak XV Partners and Y Combinator, are collectively selling 10.38 crore shares in the OFS.Based […]