Stake sale · Commerce & Consumer Brands

RPS Ventures sells 0.9% stake in Meesho for Rs 899.7 crore

By Startup Enthusiast · 23 September 2026

What they do

Meesho operates a zero-commission e-commerce marketplace connecting mass-market consumers with small and medium-sized enterprise sellers across India

RPS Ventures sold a 0.9% stake in Meesho worth ₹899.7 crore through multiple block deals at ₹233 per share

The transaction follows similar block deals by early investors Peak XV Partners and Elevation Capital, amid shifting analyst price targets

Venture capital fund RPS Ventures sold 38.6 million shares in e-commerce marketplace Meesho for ₹899.7 crore through multiple block deals.
The shares changed hands at ₹233 apiece, representing a 0.9% stake in the company based on BSE data.
Institutional buyers participating in the block trades included Norges Bank, Fidelity, Goldman Sachs, Morgan Stanley, and Citigroup.
Prior to the transaction, RPS Ventures held a 1.2% stake in Meesho as of June 30.
This block trade follows a similar move in August by early investors Peak XV Partners and Elevation Capital, who offloaded a combined 2.3% stake worth about ₹1,900 crore.

RPS Ventures first invested in Meesho in 2018 during a $50 million funding round that valued the startup at $200 million to $250 million.
Financial analysts recently updated their perspectives on the firm, as UBS increased its target price to ₹260 and Nomura started tracking the stock with a Reduce recommendation due to high valuation multiples.

The online platform brings together budget-seeking shoppers and various small business vendors through a two-sided commercial model.
Management maintains an asset-free structure by avoiding direct ownership of warehouse goods and delivery fleets.
Logistics execution relies on the proprietary Valmo network partnering with external carriers to reduce transport overhead.
Revenue generation depends mainly on promotional advertising slots and fulfillment fees rather than merchant sales commissions.
During the initial quarter of fiscal year 2027, the portal served 274 million active annual shoppers.

RPS Ventures (seller) — Venture capital fund set up by former SoftBank Vision Fund managing partner Kabir Misra.
Peak XV Partners (existing) — Early investor in Meesho.
Elevation Capital (existing) — Early investor in Meesho.