SoftBank sells $186M Meesho stake in block deal
What's the deal? SoftBankDealroom has a profile for this one. Try Dealroom → sold 80 million shares of Indian e-commerce platform Meesho for about ₹1,650.4 crore through a block deal on the National Stock Exchange (NSE). Its investment arm, SVF II MeerkatDealroom has a profile for this one. Try Dealroom →, sold the shares at an average price of ₹206.30 each, representing roughly a 1.73% stake.
Who bought in? Several institutional investors picked up the shares, including Franklin TempletonDealroom has a profile for this one. Try Dealroom →, Societe Generale, Fidelity, ManulifeDealroom has a profile for this one. Try Dealroom →, HDFC Standard Life InsuranceDealroom has a profile for this one. Try Dealroom →, Goldman SachsDealroom has a profile for this one. Try Dealroom →, and Motilal OswalDealroom has a profile for this one. Try Dealroom →.
By the numbers: SoftBank held an 8.6% stake in Meesho as of June 2026. If all 80 million shares came from that holding, its stake would fall to around 6.87%.
Why now? The sale continues SoftBank's recent trimming of Indian new-age holdings. It sold Lenskart shares worth around ₹2,888 crore in August and ₹2,873 crore in June, and has also been reducing its stake in logistics company Delhivery.
The bigger picture: Meesho has seen other early backers cash out too. Y Combinator sold shares worth around ₹970 crore, while Elevation CapitalDealroom has a profile for this one. Try Dealroom → and Peak XV Partners each sold shares worth around ₹975 crore.
The exits come as Meesho's business grows. Operating revenue rose 48% year-on-year to ₹3,713 crore in Q1 FY27, while its net loss narrowed to ₹133 crore from ₹289 crore a year earlier.
The signal: SoftBank's steady selldown across Lenskart, Delhivery, and now Meesho points to a broader unwinding of its Indian startup positions, even as those companies post improving financials.
Image credit: meesholegal.help
