Meesho

Sept 23 (Reuters) - Meesho Limited MEES.NS:

• RPS WOS II LLC SOLD 38.6 MILLION MEESHO SHARES VIA BULK DEAL AT 233 RUPEESPER SHARE - BSE DATA

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** Shares of Meesho MEES.NS rise as much as 6.27% to 232.90 rupees

** UBS maintains "Buy" on MEES and raises its PT to 260 rupees from 210 rupees, citing stronger medium-term growth and a faster margin improvement trajectory

** Sees contribution margins improving, driven by better monetisation and logistics economics, with margins forecast at about 5% by end-FY27 and 5.6% by end-FY28

** Says growth outlook remains strong and forecasts about 25% net merchandise value CAGR over FY26-31, supported by new customer additions and higher purchase frequency among existing users

** UBS also raises FY29-31 NMV estimates by 7%-18% and EBITDA estimates by 20%-40%

** Sixteen analysts have a "hold" rating on average ; median PT is 215 rupees - LSEG-compiled data

** YTD, MEES up ~26%

(Reporting by Urvi Dugar in Bengaluru)

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** Ambit Capital initiates coverage on Meesho MEES.NS with a "Buy" rating and PT of 265 rupees, calling it a play on value retail's shift online

** Brokerage says Meesho's scale is driving profitability, with ad monetisation and higher shopping frequency emerging as key growth drivers

** Expects revenue to grow at 24% CAGR in FY26-31, helped by user growth, rising order frequency and deeper seller penetration

** Stock trading 0.3% higher at 209.53 rupees

** Says Meesho's asset-light logistics network and zero-commission model give it a cost advantage over Amazon Bazaar and Flipkart's Shopsy

** Sees EBITDA turning positive by FY28 as operating leverage kicks in

** Avg rating of 15 brokerages on Meesho at "Buy"; median PT is 21.50 rupees - data compiled by LSEG

** YTD, stock up 16.2%

(Reporting by Kashish Tandon in Bengaluru)

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Sept 3 (Reuters) -

• SVF II MEERKAT (DE) LLC SOLD 80 MILLION SHARES IN MEESHO VIA 2 BLOCK DEALS ON NSE - EXCHANGE DATA

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** Indian e-commerce technology platform Meesho's shares MEES.NS rise as much as 4.29% to 213.95 rupees apiece, a four-month high

** About 1.84 million shares change hands in two block deals, at a premium of about 1% over last close, according to block deal data compiled by LSEG

** MEES shares are up 17.6% in 2026 so far, according to exchange data

(Reporting by Bharath Rajeswaran in Bengaluru)

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** E-commerce platform Meesho MEES.NS shares fall 1% to 203.53 rupees

** As many as 48.5 million shares of Meesho worth 9.70 billion rupees changed hands in a block deal

** Buyers and sellers of the block deal were not disclosed

** Strategic entities such as private equity firms, corporations and government agencies hold 55.17% of the company's shares - LSEG data

** 7 of 13 brokerages rate the stock "buy" or higher, 3 "hold" and 3 "sell"; their median PT is 212.50 rupees

** YTD, stock up 13.04%

(Reporting by Abhinav Parmar in Bengaluru)

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Updates

** Shares of Indian e-commerce platform Meesho MEES.NS rise as much as 2.3% to 195.90 rupees, last up 0.4%

** 104.8 shares worth 19.49 billion rupees ($204.5 million)traded via block deal on Tuesday, per NSE data

** Shares sold at 186 rupees per share, at discount from last session's closing price of 191.57 rupees

** Sellers likely to be early investors Peak XV and Elevation Capital, selling a combined 2.3% stake in MEES, as per media report from CNBC-TV18

** Peak XV declined a Reuters request for comment

** Elevation Capital did not respond to a request for comment

** Stock on avg rated "buy" by 13 analysts; median PT is 212.50 rupees - data compiled by LSEG

** Stock up 7% YTD

($1 = 95.3050 Indian rupees)

(Reporting by Abhirami G in Bengaluru)

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** E-commerce marketplace Meesho's shares MEES.NS fall as much as 6.06% to a one-month low after reporting a net loss in June quarter

** MEES posts a net loss of 1.33 billion rupees, compared to loss of 2.89 billion year in the year-ago period

** While narrowing loss and earnings outlook remain positives, a shift in seasonality implies the ongoing September quarter earnings will be softer, says Jefferies

** While core marketplace losses declined YoY in June quarter, the losses from new initiatives such as Horizon-2 were much higher at 390 million rupees, a multi-quarter high, according to Jefferies

** MEES shares are down about 3% this week, on course for second weekly losses, according to exchange data

(Reporting by Bharath Rajeswaran in Bengaluru)

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June 12 (Reuters) - Meesho Ltd MEES.NS:

• MEESHO LTD - ACQUISITION OF 100% OF SHARE CAPITAL OF KIRANA CLUB

• MEESHO LTD - DEAL FOR 2.02 BLN RUPEES TO BUY KIRANA CLUB

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** India's Meesho MEES.NS slides 3.6% to six-week low of 169.38 rupees

** Set for eighth straight session of losses, in its longest losing streak since listing in December 2025

** Lock-in on 68% of Meesho's pre-IPO shareholding worth 540 billion rupees ($5.65 billion) set to expire on June 9, says Choice Broking

** Even assuming that only ~10% of the lock-in shares are available for trading immediately after the expiry, the supply could be nearly equivalent to the entire IPO size of Meesho, the brokerage says

** MEES up 52.6% from its IPO issue price of 111 rupees

** Stock rated "hold" on average by nine brokerage firms, median PT at 200 rupees, per data compiled by LSEG

($1 = 95.6450 Indian rupees)

(Reporting by Vivek Kumar M)

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** Shares of Meesho MEES.NS rise as much as 7.7%; last up 2.6% at 201.1 rupees

** E-commerce firm's Q4 loss narrowed sharply to 1.66 billion rupees ($17.51 million) from a loss of 13.91 billion rupees a year ago

** Posts 43% higher net merchandise value (NMV) of 114 billion rupees, driven by continued onboarding of new users and deeper engagement from existing customers

** Morgan Stanley ("Equal-weight"; PT: 190 rupees) notes co is focused on attracting more sellers now and expects monetization to improve later

** Brokerage raises FY28E NMV by 2.6% and revenue by 2%

** Stock rated "Buy" on average by 8 analysts; median PT at 190 rupees

** YTD, stock up 13.4%

($1 = 94.7950 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

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May 6 (Reuters) - Meesho Ltd MEES.NS:

• MEESHO Q4 CONSOL NET LOSS 1.66 BILLION RUPEES

• MEESHO- APPROVED FURTHER INVESTMENT IN UNIT FOR AMOUNT NOT EXCEEDING 1 BILLION RUPEES

• MEESHO Q4 CONSOL REVENUE FROM OPERATIONS 34.31 BILLION RUPEES

Source text: ID:nnAZN4SUJJB

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** Brokerage Axis Capital initiates coverage on Indian e-commerce platform Meesho MEES.NS with "buy" rating, sets PT at 195 rupees

** MEES down 1% to 144 rupees on Monday amid wider market downturn; Nifty 50 .NSEI down 0.87%

** Brokerage says MEES well-placed to benefit from the opportunity in value e-commerce, given its market leadership in unbranded/long-tail categories, rising tier 2+ penetration and affordability

** Adds, affordability, rising ad revenue and operating leverage to drive profitability for co

** MEES rated "hold" on avg by 5 analysts covering it; median PT at 175 rupees- data compiled by LSEG

** YTD, MEES down 20%

(Reporting by Komal Salecha in Bengaluru)

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By Haripriya Suresh

BENGALURU, March 26 (Reuters) - Indian corporate insurance startup Plum said on Thursday it has raised 1.93 billion rupees ($20.6 million) as part of its Series B funding round led by Peak XV Partners, valuing the company at 11.81 billion rupees, according to CEO Abhishek Poddar.

GMO Venture Partners and existing investor Tanglin Venture Partners also participated in the round.

The Bengaluru-based company plans to use the fresh capital to scale marketing and sales efforts to expand its presence in India's corporate insurance market, deepen technology investments - particularly in AI-driven claims operations - and expand into preventive and primary healthcare, Poddar said.

Until last year, Plum generated its revenue purely from insurance broking. Its newer healthcare vertical, however, is soon expected to account for a larger share of its revenue mix.

"If I look at the revenue distribution, 80% insurance and 20% healthcare. Very quickly, healthcare has become significant for us, and it's growing in triple digits," Poddar said.

"Our prediction is that healthcare within our corporate business would be roughly 40% to 45% within the next couple of years."

The company is already seeing substantial efficiency gains from AI, especially in claims-processing, which forms the bulk of its operations, Poddar added.

"In the last four years, our claims volume has grown by around 50 times. We have been able to scale by 50 times with a team that would have grown by two times. That's the kind of scale advantage and efficiency advantage that you can generate using AI," he said.

Plum, backed by Tiger Global, counts Meesho MEES.NS, PhonePe PHOP.NS, Swiggy SWIG.NS, Urban Company URBN.NS and Zomato ETEA.NS among its clients.

($1 = 93.8860 Indian rupees)

(Reporting by Haripriya Suresh in Bengaluru; Editing by Sumana Nandy)

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** Meesho MEES.NS slips 10% to 143.41 rupees

** E-commerce firm received tax demand of 15 billion rupees ($162.47 million) after market last Friday

** India's tax department made some additions to income reported by co for 2023-2024

** Co says order does not have major impact on financial position or operations

** YTD, stock down 12.3%; down 6.4% since market debut on December 10, 2025

($1 = 92.3250 Indian rupees)

(Reporting by Abinaya Vijayaraghavan in Bengaluru)

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** Shares of Meesho MEES.NS down 5% at 157.2 rupees

** E-commerce firm's Q3 net loss widens 13x from 374.3 million rupees a year ago

** Co's investment in ads and sales promotion, as share of net merchandise value, nearly doubled to 2.4%

** Expects adjusted core earnings margin to improve in next two quarters, driven by logistics cost recovery, operating leverage on user growth, tech investments

** Morgan Stanley ("Update"; increases PT from 169 rupees to 174 rupees) says contribution margin miss led by higher logistics costs, which the co did not pass on to consumers

**YTD, stock down nearly 13%, down 3.3% since debut on Dec 10, 2025

(Reporting by Mridula Kumar in Bengaluru)

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Adds details paragraph 6 onwards, share performance in paragraph 10

Jan 30 (Reuters) - Indian e-commerce firm Meesho's MEES.NS quarterly loss widened sharply in its first earnings report since its blockbuster market debut in December last year, as costs rose.

The firm's consolidated net loss widened 13-fold to 4.91 billion rupees ($53.44 million) for the quarter ended December 31, from a loss of 374.3 million rupees a year ago.

Meesho has carved out a niche for itself by offering low-priced products without charging sellers a commission, in a space that has majors such as Amazon.com AMZN.O and WalmartWMT.N-owned Flipkart vying for customers in the world's most populous country.

The company, backed by Softbank 9984.T and Peak XV Partners, has been on an expansion spree to onboard more users. Meesho's investment in advertising and sales promotion, as a share of its net merchandise value, nearly doubled to 2.4% in the reporting quarter from 1.3% last year.

NMV is a key metric for e-commerce platforms that measures the total checkout value of successfully delivered orders.

Overall expenses jumped 44% to 40.71 billion rupees, with advertising

Meesho also cited the accelerated scaling up of its newly acquired logistics platform Valmo as part of the reason for the jump in expenses, and said it was "expected to normalise in the coming quarters".

Revenue rose nearly 32% to 35.18 billion rupees as India's growing online consumer base looks for cheaper and more convenient ways to shop, fueled by tax cuts and festive-season demand.

Its annual transacting users jumped 34% to 251 million in the quarter and NMV climbed 26% to 109.95 billion rupees.

We expect adjusted core-earnings margin to improve in the next two quarters, driven by logistics cost recovery, operating leverage on user growth, and technology investments made during the year, the company said.

Meesho's stock closed nearly 3% higher ahead of the results and has risen 7% since its listing on December 10, 2025

($1 = 91.8770 Indian rupees)

(Reporting by Komal Salecha in Bengaluru; Editing by Mrigank Dhaniwala and Janane Venkatraman)

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** Meesho MEES.NS down nearly 4% at 163 rupees after BofA starts with "neutral", PT at 190 rupees

** Brokerage does not see near-term upside after the recent rally post listing

** However, BofA adds co well-positioned to target value-focused mass market segment

** Expects strong FY26-29E net merchandise value CAGR of 26%

** Notes co's lean cost structure, asset-light model and negative working capital cycle make it one of India's most efficient consumer tech-focused businesses

** Last week, JM Financial also started coverage with a "reduce" rating; PT 170 rupees

** Since listing on Dec 10, MEES up nearly 48% from IPO issue price of 111 rupees

(Reporting by Komal Salecha)

(([email protected];))

** Meesho MEES.NS up 4.5% to 172.25 rupees

** JM Financial initiates coverage with "Reduce", PT of 170 rupees

** Says e-commerce co benefits from negative cash conversion cycle as it operates asset-light model, with platform acting as interface between sellers, buyers, logistics partners, content creators

** Sees revenue to grow at ~27% CAGR from FY25 to FY30; adjusted EBITDA to grow at 3.3% CAGR

** Adds new buyers need to be wary of significant supply post 6-month lock-in expiry

** MEES up 6% vs debut price of 162.5 rupees

(Reporting by Mridula Kumar in Bengaluru)

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Shritama Bose

MUMBAI, Jan 8 (Reuters Breakingviews) - India's sizzling market for initial public offerings is sparking friction. Fund managers including Aberdeen ABDN.L, Capital and the asset management business of Nomura quietly boycotted e-commerce retailer Meesho's MEES.NS market debut in December after a unit of State Bank of India SBI.NS grabbed a hefty slice of the 54.2 billion rupees ($596 million) deal reserved for anchor investors. The standoff highlights growing pains within the country's $900 billion mutual fund industry.

SBI Funds Management, which oversees $139 billion of assets, picked up about a quarter of the shares Meesho offered to anchor investors, IFR reported at the time. That's more than twice the share a single buyer typically gets in a large offering. Among others walking out in protest were Norway's Norges Bank Investment Management and Nippon Life India as well as SBI compatriot ICICI Prudential Asset Management IICL.NS. For the issuer, a fight to own its stock is not a problem.

It does suggest a mismatch, however. SBI, which runs its investment unit in partnership with France's Amundi AMUN.PA, sweeps up roughly 15% of the 299 billion rupees ($3.32 billion) the industry gets every month in subscription payments towards equity funds, known as systematic investment plans. Inflows are set to increase as Indians become more affluent and move more of their money from bank deposits to the financial markets. SIPs, for example, are growing 25% annually, per Crisil Intelligence. And because of capital controls, Indians' growing wealth is largely captive to the domestic financial markets.

Large IPOs provide an easy opportunity to put that money to work because they let asset managers buy large chunks of stock in one shot, typically not an option with already listed companies. Trouble is, the amount of equity capital raised in IPOs and private placements is far more uneven than SIPs' growth. Proceeds last year were $55 billion, 20% below the 2024 tally, per Dealogic data. Analysts at Axis Capital expect demand for stock to overshoot supply in the next financial year.

That means more Meesho-style tussles between investors are likely. In the short term, that might push up valuations - shares in Meesho have jumped 64% since last month's IPO. Longer term, unless the supply of quality companies - and future earnings power - keeps up with the pace of financialisation, asset prices risk getting inflated. The Meesho spat is an early sign of potential distortions.

Follow Shritama Bose on LinkedIn and X.

CONTEXT NEWS

Major Indian and global asset managers boycotted the anchor tranche of Indian e-commerce company Meesho's 54.2 billion rupees initial public offering in protest at what they saw as an unfairly generous allocation to SBI Funds Management, IFR reported on December 5, citing unnamed people familiar with the transaction.

Aberdeen, Capital, Norges Bank Investment Management, Nomura Asset Management and mutual fund units of asset managers ICICI Prudential and Nippon India were among those that chose to withdraw from the anchor tranche rather than get fewer shares than they wanted, the report added.

Funds managed by SBI were allotted around 24.6% of shares in Meesho offered to anchor investors, according to the company's filings with stock exchanges.

(Editing by Una Galani; Production by Aditya Srivastav)

((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))

** Shares of e-commerce firm Meesho MEES.NS jump 20% to 216.34 rupees after UBS initiates coverage with "buy" rating, PT of 220 rupees

** UBS expects co's focus on lower/middle income consumers in India's tiers 2 and 3 cities provide a growth runway, given that adoption accelerates among these consumers

** Expects strong growth with net merchandise value CAGR of 50% and revenue CAGR of 72% through FY30

** Points to EBITDA margin expanding from less than 1% in FY25 to 8.3% by FY30

** MEES jumped about 58% on Dec 10 debut with an 111-rupee issue price

(Reporting by Brijesh Patel in Bengaluru)

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** Shares of Meesho MEES.NS rise 3.5% to 176 rupees on its second day of trading

** E-commerce firm invests via rights issue a 28.9 billion rupees ($321.05 million) in its unit which runs the application-based marketplace under the Meesho brand name

** MEES jumped about 58% in their debut on Wednesday

** Stock up 8.3% from yesterday's listing price

($1 = 90.0170 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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Dec 10 (Reuters) - Meesho Ltd MEES.NS:

• MEESHO LTD - HAS MADE A FURTHER INVESTMENT IN MEESHO TECHNOLOGIES

• MEESHO LTD - INVESTMENT OF 28.9 BILLION RUPEES

Source text: ID:nBSEbxtjCs

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