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Ecommerce major Meesho’s early backer Fidelity has offloaded its shares worth ₹988.44 Cr  from its two holding entities via a bulk deal today. 

According to bulk deal data on NSE, Fidelity’s two entities —  FID FDI 2117 LLC and FID FDI 312 LLC — sold 5.98 Cr shares today. While FID FDI 2117 LLC sold 2.59 Cr shares at ₹165.18 per share, FID FDI 312 LLC offloaded 3.39 Cr shares at ₹165.21 apiece. 

Fidelity first invested in Meesho in 2021, leading its $570 Mn Series F funding round, Via its holding entity, FID FDI 312 LLC, it held 5.16 Cr Meesho shares at the end of the March quarter. The holding of the other entity has been less than 1% over the past two quarters. 

The identities of the buyers could not be immediately ascertained as of now.

The transaction comes after the expiry of Meesho’s major pre-IPO shareholder lock-in period on June 9. According to data compiled by Nuvama Alternative & Quantitative Research, the lock-in covered approximately 68% of the company’s outstanding equity, making a large pool of shares eligible for secondary market transactions from June 10.

Earlier in the day, reports surfaced that said shares worth ₹1,540 Cr changed hands via multiple block deals during early hours of trade. 

Important to note that the US-based investment firm didn’t partake in the OFS component of Meesho’s IPO. The company’s IPO, which materialised in December 2025, saw investors like Elevations Capital, Y Combinator, Peak XV Partners, along with its founders Vidit Aatrey and Sanjeev Kumar, sell over 10.55 Cr shares. On the other hand, the company raised ₹4,250 Cr from the fresh issue of the IPO.

This comes barely a month after Meesho reported its strongest quarterly performance since listing. In Q4 FY26, the ecommerce company narrowed its net loss by 88% YoY to ₹166.3 Cr, while its top line grew by 47% to ₹3,531.2 Cr. 

For the full fiscal year, Meesho’s consolidated loss declined 66% YoY to ₹1,357.7 Cr and operating revenue rose 35% to ₹12,626 Cr.

The share sale comes at a time when investors are closely watching Meesho’s profitability roadmap. While the ecommerce company has delivered strong revenue growth and expanded its seller base, profitability remains a key focus area. Its path to profitability has been weighed down by investments in its logistics network. 

The company has been aggressively scaling its in-house logistics arm, Valmo, to improve delivery reliability and reduce dependence on third-party partners.

Management has previously said these investments temporarily hurt margins due to underutilised routes and network expansion costs, but expects efficiencies from route optimisation and higher throughput to improve profitability in the coming quarters.

At the same time, Meesho also announced plans to invest up to ₹100 Cr in its payments subsidiary, Meesho Payments Pvt Ltd (MPPL), through a rights issue.

Meesho’s shares ended the trading session 0.51% lower at ₹166.10 apiece on the BSE.

Notably, earlier today, brokerage firm Jefferies initiated coverage on Meesho with a “Buy” rating and a target price of ₹225 per share. The brokerage said Meesho’s large user base and extensive MSME seller network have created a strong growth flywheel, and projected about 25% NMV CAGR through FY30 along with adjusted EBITDA margins of around 3% by FY30. 

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