Meesho's IPO did wonders, co-founder became a billionaire in one stroke, earning thousands of crores of rupees
The e-commerce platform Meesho's IPO has created a sensation upon its market launch. Following its listing, the company's shares surged sharply, propelling its co-founder into the billionaire community.
Vidit Aatrey, co-founder and head of online shopping platform Meesho, joined the billionaire club on the day of its IPO listing. Following the listing, the company's shares surged by a whopping 74 percent.
The share price rose from the issue price of ₹111 to a record high of ₹193 per share, a gain of over 74 percent. This pushed Vidit Aatrey's net worth directly to $1 billion (approximately ₹9,128 crore).
Atre holds 472.5 million shares (an 11.1 percent stake) in the company. The company's other co-founder, Sanjiv Barnwal, holds 316 million shares, now valued at approximately ₹6,099 crore.
Meesho was founded in 2015 by Vidit Atre and Sanjiv Barnwal. Today, it has become one of India's largest and most influential social commerce platforms. The platform allows individuals and small businesses to sell products through a network of resellers.
Many big companies invested in the company
The company boasts major investors such as Meta, SoftBank, Sequoia Capital, Y Combinator, Naspers, and Elevation Capital, making it one of the most talked-about digital commerce companies in recent years.
Vidit Aatrey serves as Chairman, Managing Director, and CEO of Meesho. He has been with the company since its inception on August 13, 2015. He is an electrical engineering graduate from IIT Delhi and leads the company's strategy, key decisions, and long-term growth.
The journey of Vidit Aatre
Prior to Meesho, Vidit Atrey worked at ITC Limited and InMobi. His success has been recognized on numerous platforms. He has been included in Forbes Asia 30 Under 30 and Forbes India 30 Under 30 (2018), Entrepreneur Magazine's 35 Under 35 (2019), and Fortune India 40 Under 40 (2021, 2024, and 2025). However, Meesho's journey has not been easy.
The journey of the company
The company started as Fashnear, a hyperlocal fashion delivery app inspired by Flipkart's initial model. However, the idea quickly failed as customers increasingly valued product selection over delivery speed. A Shopify-like digital storefront was subsequently created, which was better than the original, but failed to scale.