SoftBank sells 1.65% of Meesho for ₹1,885 crore in a block deal

Startup NewsIshaan VardhanNov 14, 20264 min read

SoftBank sold 7.64 crore Meesho shares, about 1.65% of the company, for roughly ₹1,885 crore (₹18.85 billion) in a block deal on Friday, 13 November 2026, at ₹246.75 a share, according to NSE block deal data reported by Entrackr. It is SoftBank’s second Meesho sale in two months and cuts its stake from 6.84% to about 5.19%, a sign that early backers of India’s 2025 tech IPOs are cashing in after strong share-price runs.

Key takeaways

• SoftBank’s affiliate SVF II Meerkat (DE) LLC sold 7.64 crore Meesho shares at ₹246.75 each, about ₹1,885 crore in total.
• The price was a 4% discount to Friday’s close; Meesho shares ended the day at ₹257.07 on the NSE.
• Fidelity, Societe Generale, Morgan Stanley and Indian mutual funds including Motilal Oswal and Aditya Birla Sun Life were among the buyers.
• SoftBank also sold 8 crore Meesho shares for about ₹1,650 crore in September 2026.

What SoftBank sold and who bought

SoftBank’s Vision Fund 2 vehicle, SVF II Meerkat (DE) LLC, sold 7.64 crore Meesho shares at ₹246.75 apiece, for about ₹1,885 crore. That trims SoftBank’s holding from 6.84% at the end of September to about 5.19%, Entrackr reported. (Inc42’s headline gave ₹1,855 crore, but its own figures, like Entrackr’s, multiply out to about ₹1,885 crore.)

Foreign and domestic institutions took the shares. Fidelity bought about ₹573 crore worth through several funds and Societe Generale about ₹365 crore, Inc42 reported, followed by Morgan Stanley (about ₹245 crore), Motilal Oswal Mutual Fund (about ₹130 crore) and Aditya Birla Sun Life Mutual Fund (about ₹103 crore). Entrackr’s list of buyers also includes Goldman Sachs Bank Europe, the Government of Singapore, the Monetary Authority of Singapore, Norges Bank, HDFC Mutual Fund and Bajaj Allianz Life Insurance.

Why SoftBank is selling now

SoftBank is booking profits after a strong run in Meesho’s stock, Inc42 reported. Meesho shares closed at ₹257.15 on the BSE on Friday, up 32.8% over three months and 42.6% so far this year, according to Inc42. Meesho listed on 10 December 2025 at an IPO price of ₹111, Free Press Journal reported at the time, so Friday’s close is about 2.3 times the issue price by our calculation.

The stake sale also follows better results. In the September quarter (Q2 FY27), Meesho’s revenue from operations rose to about ₹4,132 crore, while its net loss narrowed 68% to about ₹132 crore from ₹411 crore a year earlier, Entrackr and Inc42 reported. SoftBank’s own September-quarter results credited Meesho with $121 million of valuation gains in Vision Fund 2, according to Inc42.

How big Meesho is after the deal

Meesho’s market capitalisation was about ₹1,19,049 crore ($12.5 billion) at Friday’s NSE close, Entrackr reported. Meesho, an Indian online marketplace, went public in a ₹5,421 crore IPO in December 2025 that combined ₹4,250 crore of new shares with an offer for sale by existing investors.

What it means for founders and investors

Block deals like this one are how large venture investors return money after an IPO: they sell big chunks to institutions at a small discount instead of dribbling shares into the market. For Indian founders, it shows the exit path is working. Investors who backed Meesho privately are now selling to global funds and Indian mutual funds, which makes it easier for later-stage funds to raise their next rounds. Track new rounds on our funding tracker, and follow listed startups in our news section.

For public-market investors, a large holder trimming its stake is information, not a verdict: SoftBank still owns about 5% of Meesho after the sale. This is a news report, not investment advice; check exchange filings and a SEBI-registered adviser before acting on any stock.

FAQ

How much of Meesho did SoftBank sell?

SoftBank sold 7.64 crore Meesho shares, about 1.65% of the company, on 13 November 2026 through its affiliate SVF II Meerkat (DE) LLC. The shares went at ₹246.75 each in a block deal, about ₹1,885 crore in total. SoftBank’s stake fell from 6.84% to roughly 5.19%, according to NSE data reported by Entrackr.

Who bought SoftBank’s Meesho shares?

Fidelity was the largest buyer at about ₹573 crore, followed by Societe Generale at about ₹365 crore and Morgan Stanley at about ₹245 crore, Inc42 reported. Motilal Oswal and Aditya Birla Sun Life mutual funds, Goldman Sachs, Norges Bank, the Government of Singapore and HDFC Mutual Fund were also among the buyers.

Why did SoftBank sell Meesho shares?

Inc42 reported that SoftBank is booking profits after Meesho’s stock rose 32.8% in three months and 42.6% this year. Meesho shares closed at about ₹257 on 13 November 2026, roughly 2.3 times the ₹111 IPO price of December 2025. SoftBank had already sold 8 crore Meesho shares for about ₹1,650 crore in September 2026.

Is Meesho profitable?

Not yet on a net basis. In the September 2026 quarter, Meesho reported a consolidated net loss of about ₹132 crore, down 68% from ₹411 crore a year earlier, on revenue from operations of about ₹4,132 crore, Inc42 and Entrackr reported. The narrowing loss is one reason the stock has risen this year.

Sources

1. Entrackr, “SoftBank sells 1.65% stake in Meesho for Rs 1,885 Cr through block deal”, 13 November 2026. Link
2. Inc42, “SoftBank Offloads Meesho Shares Worth ₹1,855 Cr”, 14 November 2026.
3. Kotak Neo, “SoftBank Sells 1.65% Stake in Meesho for ₹1,885 Crore”, 13 November 2026.
4. Free Press Journal, “Meesho’s shares make remarkable market debut by listing with a premium of 46% against issue price of ₹111”, 10 December 2025.
5. Groww, “Meesho IPO” details page (issue size and structure).

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