Home / Business and Economy / SoftBank Sells ₹1650 Cr Meesho Stake
SoftBank Sells ₹1650 Cr Meesho Stake
3 Sep
Summary
- SoftBank likely sold a 1.7% stake in Meesho for ₹1,650.4 crore.
- The block deal occurred on Thursday, September 3, 2026.
- Meesho's net revenue was ₹9,389 crore for the year ended March 2025.
On Thursday, September 3, 2026, a significant block deal saw a 1.7% stake in Meesho, valued at ₹1,650.4 crore, change hands. SoftBank is the likely seller, marking another liquidity event for an early institutional investor after Meesho's public listing on December 10, 2025.
The transaction involved 8 crore shares sold at ₹206.3 each, a 2.5% discount to the prior closing price. This stake sale, managed by BofA Securities India and J.P. Morgan India, was larger than initially reported earlier this week.
Meesho, an e-commerce marketplace, reported consolidated net revenue of ₹9,389 crore for the year ended March 2025. The company's financial performance showed improvement, with revenue from operations surging 48% year-on-year to ₹3,712.8 crore in the recent quarter.
Further boosting its performance, Meesho narrowed its EBITDA loss and saw its Net Merchandise Value (NMV) rise by 34% year-on-year. The platform's annual transacting users increased by 29% to 274 million, with a total of 725 million orders placed during the quarter.
