Early investors in Meesho, including Elevation Capital, Peak XV and Y Combinator, are set for major gains in the IPO’s 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.