Fidelity, an early investor in ecommerce firm Meesho, sold shares worth ₹988.44 crore on June 10, a day after the expiry of the company’s major pre-IPO shareholder lock-in period. The bulk deal involved the sale of 5.98 crore shares through two Fidelity holding entities, FID FDI 2117 LLC and FID FDI 312 LLC, at prices around ₹165 per share, according to bulk deal data on NSE.
FID FDI 2117 LLC sold 2.59 crore shares at ₹165.18 each, while FID FDI 312 LLC offloaded 3.39 crore shares at ₹165.21 apiece. Fidelity initially invested in Meesho in 2021, leading the $570 million Series F funding round. At the end of the March quarter, FID FDI 312 LLC held 5.16 crore shares. The buyers of the shares have not been publicly identified. The transaction followed the expiration of a lock-in covering approximately 68% of Meesho’s outstanding equity, enabling secondary market trading from June 10.
The expiry of Meesho’s lock-in period has triggered significant secondary market activity, with reports of shares worth ₹1,540 crore changing hands through multiple block deals earlier on June 10. Fidelity did not participate in the offer for sale (OFS) component of Meesho’s IPO, which took place in December 2025. The IPO attracted investors such as Elevations Capital, Y Combinator, and Peak XV Partners, marking a key milestone in Meesho’s funding history.
The lock-in period that ended on June 9 applied to a large portion of Meesho’s equity, restricting the sale of shares by major pre-IPO investors. With this restriction lifted, market participants are witnessing increased liquidity in Meesho’s stock. The next significant event for Meesho will be its quarterly earnings report scheduled for July, which will provide further insights into the company’s performance post-IPO.