Promoters, early investors see windfall paper gains from Meesho’s $5.7 billion valuation; founders’ stake worth Rs 8,750 crore

Founders and early investors in Meesho are sitting on major paper gains after the ecommerce company set a price band of Rs 103–111 per share for its upcoming initial public offering (IPO), valuing the company at around Rs 51,535 crore ($5.74 billion).

Cofounders Vidit Aatrey and Sanjeev Kumar together hold around 18.5% in the company, worth Rs 8,749 crore at the upper end of the price band. Both are selling 1.6 crore shares each, and are expected to realise about Rs 178 crore from the offer for sale (OFS).

CEO Aatrey, who holds 47.2 crore shares,…