Stake sale · Commerce & Consumer Brands

SoftBank sells 1.7% Meesho stake for ₹1,650 crore

By Startup Enthusiast · 3 September 2026

What they do

Meesho is an e-commerce platform that connects sellers with price-sensitive buyers across India

SoftBank sold 8 crore shares (1.7% stake) at ₹206.30 each via a block deal on the NSE

The sale comes as Meesho narrowed its net loss by 54% to ₹133 crore in Q1 FY27

SoftBank sold 8 crore equity shares (a 1.7% stake) in Meesho for ₹1,650.40 crore via a block deal on the NSE.
The sale price was a weighted average of ₹206.30 per share, a 1.6% discount to the previous closing price.
The seller was SoftBank's investment entity SVF II Meerkat DE.
The biggest buyer was Franklin Templeton, which bought 96.7 lakh shares.
Other buyers included Societe Generale (80 lakh shares), Fidelity (66.7 lakh shares through nine entities), and Manulife-associated entities (50.3 lakh shares).
Additional buyers were HDFC Standard Life Insurance, Goldman Sachs, Motilal Oswal, Morgan Stanley, HSBC Mutual Fund, and sovereign wealth funds of Kuwait, Oman, and Norway.
SoftBank held 39.6 crore shares (8.6% equity) in Meesho as of the June quarter end.

SoftBank also sold 4.50 crore shares of Lenskart for ₹2,887.9 crore the previous week.
SoftBank had earlier sold Lenskart shares worth ₹2,873.3 crore in June 2026.
SoftBank reduced its stake in Delhivery from 9.67% (September 2024) to 7.61% (June 2026).
Other investors like Y Combinator, Elevation Capital, Peak XV Partners, and Fidelity have also sold Meesho shares recently.

Meesho is an e-commerce platform that connects sellers with price-sensitive buyers across India.
It focuses on value-conscious shoppers and offers a wide range of products including fashion, home, and electronics.
The company reported Q1 FY27 operating revenue of ₹3,707 crore, up 48% year-on-year.
Its net loss narrowed 54.1% to ₹132.8 crore in Q1 FY27.
Meesho's net merchandise value (total value of goods sold) was ₹11,614 crore in Q1 FY27, up 34% year-on-year.
It had 27.4 crore annual transacting users, up 29% year-on-year.
Meesho shares closed at ₹209.74 on the NSE, down 0.88% on the day of the deal.

SoftBank (seller) — Japanese conglomerate and investment firm; sold 1.7% stake in Meesho.
Franklin Templeton (buyer) — Global asset management firm; bought 96.7 lakh shares.
Societe Generale (buyer) — French multinational investment bank; bought 80 lakh shares.
Fidelity (buyer) — Global financial services firm; bought 66.7 lakh shares through nine entities.
Manulife (buyer) — Canadian financial services company; associated entities bought 50.3 lakh shares combined.