Meesho Co-Founders Exercise ESOP Shares Valued at Rs 1,023 Crore Ahead of IPO

Meesho co‑founders Vidit Aatrey and Sanjeev Kumar have exercised equity shares under the company's 2024 ESOP plan as it prepares for its first public offering, Entrackr reported. Meesho's regulatory filings indicate that on March 31 the board of directors approved the allotment of 20,65,211 equity shares at a face value of Rs 1 apiece to Aatrey, and 6,59,323 equity shares to Barnwal.

The co‑founders were granted stock options, which they exercised once the vesting period ended under Fashnear Technologies Private Limited's Employee Stock Option Plan, 2024 (ESOP 2024), converting them into equity shares. According to Entrackr, these exercised shares are valued at approximately Rs 1,023 crore (around $120 million).