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The Latest Breaking News from Elevation Capital

Elevation Capital, Peak XV Partners sell 2.3% stake in Meesho for Rs 1,949 crore; stock falls

Following the stake sale, Meesho's shares fell nearly 1 per cent on Wednesday to trade at Rs 190.50 apiece on the National Stock Exchange (NSE).

The Economic Times

Paytm jumps over 4% after Rs 2,038-crore block deal; Saif Partners, Elevation Capital likely sellers

Paytm shares rose over 4% following a significant block deal. Early investors Saif Partners and Elevation Capital trimmed their holdings in the fintech firm. This secondary share sale involved approximately 2.3% of Paytm's outstanding equity. The company recently reported strong quarterly earnings with increased net profit. Paytm's board also approved…

The Economic Times

Block deal alert: Meesho shares in focus as Peak XV, Elevation Capital eye Rs 1,900 crore stake sale

Peak XV and Elevation Capital plan to sell a 2.3 per cent stake in Meesho via Rs 1,900 crore block deals. This follows Meesho narrowing its Q1 net loss to Rs 133 crore, while brokerages like Citi and Morgan Stanley remain divided on near-term growth dynamics.

The Economic Times

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Elevation’s new India fund; InsuranceDekho charts D-Street path

Happy Tuesday! Elevation Capital is looking to back early-stage AI startups in India from its newest fund. This and more in today’s ETtech Morning Dispatch.

The Economic Times

B Capital leads SolarSquare’s $50-55 million round at $500 million valuation

The latest round comes about 18 months after SolarSquare raised $40 million in a funding round led by Lightspeed. That round had also seen participation from Lightrock, Elevation Capital, Lowercarbon, Rainmatter and Gruhas Proptech.

The Economic Times

Elevation Capital offloads around Rs 964 crore worth of shares in Paytm

Elevation Capital, an early investor in Paytm, has sold shares worth Rs 964 crore through block deals. This follows a trend of early investors liquidating their holdings. Paytm recently reported its first full-year profit and operating revenue growth. The company is now Indian-owned and controlled, with a market capitalization of…

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