Meesho Founder Vidit Aatrey Becomes Billionaire as Shares Soar 74%

• Meesho co-founder Vidit Aatrey became a billionaire after the company's shares surged 74% on its listing day.
• Aatrey's 11.1% stake in Meesho is now valued at $1 billion, or Rs 9,128 crore.
• Founded in 2015, Meesho is a social commerce platform empowering individuals and small businesses, particularly women, to sell products.
• The company successfully pivoted from earlier business models to its current focus on grassroots entrepreneurs.
• Analysts have initiated coverage with a "BUY" rating and a target price of Rs200, projecting a 31% revenue CAGR and positive EBITDA by FY27E.

Why It Matters: Meesho's founder becoming a billionaire reflects India's growing digital economy success.