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The highly anticipated Meesho IPO is proving to be a monumental event for its earliest backers. Y Combinator Continuity Holdings stands out, poised to score an impressive 108.8X return on its investment, making it one of the most successful exits for the global accelerator in the Indian startup ecosystem.
Startup: Meesho.
Founders: Vidit Aatrey and Sanjeev Barnwal.
Key Highlights:
Massive Gain: Y Combinator is set to achieve a 108.8X return on its Meesho investment.
Equity Value: Y Combinator's remaining equity is valued at 496.5 crore post-OFS.
Partial Exit: The accelerator's Offer for Sale (OFS) component is worth 80 crore.
IPO Details: Meesho's IPO opens on December 3, with a price band fixed at 105–111 per share.
Other Investors: Other early investors like Elevation Capital (36.5X return) and Peak XV Partners (26X return) are also set for massive windfalls.
This phenomenal return highlights Y Combinator's strategic early belief in Meesho, reinforcing its reputation for backing future breakout brands globally.
Follow The Rupee Story for more updates on venture capital and startup funding.
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