SoftBank likely sheds $187M Meesho stake in block deal
What's the deal? A 1.7% stake in Meesho worth US$224.1M changed hands through a block deal on Thursday, with SoftBankDealroom has a profile for this one. Try Dealroom → the likely seller. Some 8 crore shares sold at US$2.8 each — a 2.5% discount to the previous close of US$2.87.
Why now? The transaction landed larger than reports had signalled a day earlier. SoftBank was initially expected to sell about 7 crore shares, or a 1.5% stake, through its SVF II Meerkat DEDealroom has a profile for this one. Try Dealroom → vehicle for roughly US$194.9M, before the size grew.
SVF II Meerkat DE held an 8.60% stake in the e-commerce company as of the June 2026 quarter. Bank of America and JP MorganDealroom has a profile for this one. Try Dealroom → were expected to bank the deal.
By the numbers: The sale follows a stronger June quarter for Meesho. Consolidated net loss narrowed to US$18M in Q1 FY27 from US$39.3M a year earlier, while revenue from operations jumped 48% year-on-year to US$504.2M.
EBITDA loss narrowed to US$30.5M from US$35.9M. Net Merchandise Value grew 34% year-on-year to US$1.58B, driven by user growth and higher engagement.
Meesho shares closed 3.14% higher at US$2.87 on September 2, valuing the company at just under US$13.3B. The stock has gained 16.5% in 2026, against an 8.5% decline in the Nifty 50.
The signal: An early backer trimming its holding after a share-price run and improving fundamentals is a familiar post-listing pattern. For Meesho, the exit tests appetite for its stock even as losses shrink and revenue climbs.
Image credit: meesholegal.help
