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Rs 1,020 crore paycheck! Meesho IPO hands Elevation, Peak XV and founders meteoric returns up to 5,00,000%

Early investors in Meesho, including Elevation Capital, Peak XV and Y Combinator, are set for major gains in the IPOs offer-for-sale as they sell 10.38 crore shares at 111 each. Their combined initial investment of about 131 crore has grown to over 1,020 crore translating into returns of roughly 877 for every 100 invested.