Stake saleCommerce & Consumer Brands
SoftBank sells 1.65% of Meesho in block deal
By Abha Lohia · Editor ·
Meesho: revenue and funding and every story →
BengaluruFounded 2015
- Meesho runs a Bengaluru-based online marketplace that connects small sellers with shoppers across smaller Indian towns and cities
- SoftBank's vehicle SVF II Meerkat sold 7.64 crore shares at ₹246.75 each, raising about ₹1,885 crore from sixteen institutional buyers
- SoftBank's holding drops from 6.84% to roughly 5.19%, its second partial exit after a ₹1,650 crore sale in September 2026
What happened
- SoftBank's SVF II Meerkat sold 1.65% of Meesho through a block deal on the exchanges.
- It offloaded 7.64 crore shares at ₹246.75 apiece.
- The sale was worth about ₹1,885 crore.
- Fidelity and Societe Generale were the largest buyers, with Morgan Stanley Asia Singapore next.
- Mutual funds, insurers and sovereign funds also bought in.
Why it matters
- SoftBank keeps trimming its India exposure after Meesho's listing.
- Its stake falls from 6.84% to about 5.19%.
- A wide mix of buyers shows steady institutional demand for the stock.
The business
- Meesho is a marketplace for small sellers and value-focused shoppers.
- It is based in Bengaluru.
- Operating revenue grew 38% year on year in the latest quarter.
The founders
Who put in money
- SoftBank seller — Japanese investor and early Meesho backer
In numbers
1.65%Stake sold · 2026
₹1,885 croreDeal value · 2026
The numbers around it
Commerce & Consumer Brands in November 2026: 7 rounds with a disclosed amount, $116 million in all; the biggest was GIVA ($100M+). Every sector this year →
Other articles talking about it
Terms in this story
- Marketplace: A marketplace is a platform that connects buyers and sellers and earns a commission or fee on each transaction, without owning the goods or services. Its value rises as both sides join. The numbers to read are gross merchandise value (GMV), take rate, which is the share of GMV the platform keeps, and repeat usage.
- Block deal: A block deal is one large trade, agreed between big buyers and sellers, done in a special window on the stock exchange. A bulk deal is any day's trading in one company's shares that crosses a set share of its listed shares. Early investors often use both to sell after an IPO.
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