Meesho Founder Vidit Aatrey Becomes a Billionaire After Stellar Stock Market Debut

Meesho co-founder and CEO Vidit Aatrey has entered the billionaire club after the company’s shares surged sharply following listing. Strong post-IPO gains and growing investor confidence have significantly boosted the wealth of the company’s promoters.

Meesho Founder Vidit Aatrey Enters Billionaire Club

Former IIT Delhi alumnus and Meesho Limited’s co-founder and Chief Executive Officer Vidit Aatrey has officially joined the billionaire club. The company’s stock continues to gain momentum after listing and surged 13.3% to ₹193.50 on Tuesday. Since its IPO, the stock has risen by over 74%.

The current price is well above the listing-day high of ₹177.50 and significantly higher than the listing price of ₹161.20. Compared to the issue price of ₹111, the stock has gained 74.3%, highlighting Meesho’s highly successful entry into the stock market.

Promoters Benefit Directly From the Rally

This strong rally has directly benefited the company’s promoters. Vidit Aatrey holds an 11.1% stake, equivalent to approximately 47.25 crore shares. At the current market price, his total net worth has reached ₹9,142.87 crore, or approximately $1.005 billion.

Similarly, Meesho co-founder Sanjeev Barnwal owns 31.6 crore shares, whose value has now increased to ₹6,114.6 crore.

Meesho Share Performance After Listing

Meesho’s shares debuted on the stock market on December 10. The stock listed above its issue price of ₹111 and ended the first trading day with a strong 53% gain.

After the listing, the stock witnessed a mild correction over the next two trading sessions. However, on Monday, the shares rebounded and gained more than 3%. The rally continued on Tuesday as well, despite broader pressure across the equity markets.

Institutional Coverage Boosts Investor Confidence

The rally in Meesho’s stock has received additional support from its first major institutional report. Choice Institutional Equities initiated coverage on Meesho with a ‘Buy’ rating and set a target price of ₹200 per share.

According to the brokerage, Meesho has the potential to turn profitable soon, which is a strong positive signal for investors. Choice Institutional Equities valued the company based on its FY28 estimated revenue, using a 4x EV/Revenue multiple. This valuation is derived from a DCF model and comparisons with other e-commerce companies.

Strong Growth Outlook Backed by Business Model

As per the report, Meesho’s revenue could grow at an annual rate of around 31% between FY25 and FY28. This growth is driven by the company’s strong presence in Tier-2 and Tier-3 cities, its low-cost shopping model, and improving logistics infrastructure.

The brokerage also highlighted Meesho’s zero-commission business model as a key strength. The platform operates with a lower average order value and is designed specifically for customers in smaller cities. This has led to rapid user growth and scalable operations.

Choice estimates that Meesho’s EBITDA could turn positive by FY27.

Valuation Still Attractive Despite Rally

From a valuation perspective, Meesho continues to appear attractive. The stock is currently trading at around 2.4x FY28 estimated EV/Revenue, compared to an industry average of 5.4x for similar companies. This suggests further upside potential in the stock price.

However, the report also flagged certain risks. Meesho remains heavily dependent on cash-on-delivery, which accounts for around 77% of total orders, and faces some logistics-related challenges. Despite these risks, the brokerage believes Meesho is emerging as a strong, value-focused e-commerce player in India’s rapidly expanding online retail market.

Who Is Vidit Aatrey?

Vidit Aatrey is the co-founder and CEO of Meesho. He completed his BTech in Electrical Engineering from IIT Delhi between 2008 and 2012. After graduation, he worked in operations at ITC Limited in Chennai from June 2012 to May 2014.

He later joined InMobi, where he worked in the strategy team in Bengaluru from June 2014 to June 2015. Since June 2015, Vidit Aatrey has been leading Meesho as its CEO.

Born in 1991, Vidit Aatrey is approximately 34 years old by the end of 2025. He has been featured in several prestigious young leadership rankings, including Forbes 30 Under 30 (Asia & India, 2018) and Fortune 40 Under 40 (2021).