Meesho Cofounders Exercise ESOPs Pre-IPO

• Meesho's cofounders Vidit Aatrey and Sanjeev Barnwal have exercised significant employee stock options.
• The board passed a resolution on March 31 to allot 20,65,211 shares to Aatrey and 6,59,323 shares to Barnwal.
• The shares are part of the pre-existing ESOP pool, not new grants.
• This move is in preparation for Meesho's $1 Bn IPO filing.
• Regulatory filings were accessed by Inc42 to confirm this development.

Source: Inc42