SoftBank Sells 1.65% of Meesho for ₹1,885 Crore, Its Second Block Sale in Three Months
Startups / news
SoftBank Sells 1.65% of Meesho for ₹1,885 Crore, Its Second Block Sale in Three Months
The ₹246.75 price is about 20% above the September sale. SoftBank is estimated to hold 5.19% after the deal.
SoftBank sold 7.64 crore shares of Meesho at ₹246.75 each in a block deal on Friday, November 13, raising about ₹1,885.17 crore, Entrackr reported. The seller was SoftBank-backed SVF II Meerkat (DE) LLC, and the shares were 1.65% of the company.
It is the second sale in about two months. In September 2026 SoftBank sold 8 crore shares for ₹1,650.4 crore, according to Inc42, which works out to roughly ₹206 a share. That is Inc42's total divided by its share count, not a price either outlet states.
Price, discount and holding
The ₹246.75 price is about 20% above that implied September level. Inc42 says it was a 4% discount to the stock's Friday close; Entrackr gives that close as ₹257.07 on the NSE, and ₹246.75 is 4.0% below it. Inc42 gives ₹257.15 on the BSE.
- September block sale (derived)206 ₹
- November block sale246.75 ₹
- Friday NSE close257.07 ₹
Source: Inc42 and Entrackr, November 13, 2026; September figure derived as ₹1,650.4 crore divided by 8 crore shares
SoftBank held 31.6 crore shares, or 6.84%, at the end of September, Inc42 reports. Entrackr estimates the holding is now about 5.19%. The arithmetic agrees: 6.84% less 1.65% is 5.19%, and Inc42's description of SoftBank offloading nearly a fourth of its shares matches 7.64 crore of 31.6 crore, or 24%.
Who bought
Entrackr lists Fidelity as the largest buyer with 1.88 crore shares and Societe Generale with 1.47 crore. It also names Morgan Stanley Asia Singapore, Goldman Sachs Bank Europe, the Government of Singapore, the Monetary Authority of Singapore, Norges Bank, BNP Paribas, and the HDFC, Motilal Oswal and Aditya Birla Sun Life mutual funds.
The two outlets do not reconcile on Fidelity. Inc42 puts Fidelity's affiliates and funds at ₹573.1 crore, which at ₹246.75 is about 2.32 crore shares, not 1.88 crore. The likelier explanation is that Inc42 adds several Fidelity funds that Entrackr lists separately, but neither says so. Inc42's headline gives the deal as ₹1,855 crore while its body says ₹1,885.2 crore; the latter matches Entrackr and the share arithmetic.
What the market made of it
Meesho closed Friday at a market capitalisation of ₹1,19,049 crore, or $12.5 billion, per Entrackr, with the stock up 32.8% over three months and 42.6% year to date, per Inc42. A seller that has now taken out about ₹3,535 crore across two sales in a rising stock has chosen to sell into strength, which is a fact about timing and not a statement of intent. SoftBank has not said whether it plans to sell more, and neither report quotes a SoftBank executive or a Meesho statement on the deal.
For other Indian listings and investor liquidity, see the site's coverage of Razorpay's IPO clearance and the Norwest fund close.
The next confirmed figure is the quarterly shareholding filing, which will show whether the 5.19% estimate holds.
Sources
More in Startups
- 01Three Trackers Put India's Startup Funding Week at $12M to $31MEntrackr, Inc42 and The Economic Times agree funding collapsed after a week above $250 million, and disagree by a factor of 2.6 on how far.
- 02Fractile Raises $720 Million Series C Before Its First Chip ShipsThe UK government says the valuation is over £5 billion, the Financial Times and Reuters put it near $7 billion, and the company has said its first chips ship in 2027.
- 03Pomerado, a Y Combinator Fall 2026 Startup, Sells Agents Access to Sites With No API for $50 a MonthThe two-founder company has not disclosed a raise; its pricing page, benchmark and README are the evidence, and the page's own example overshoots the cost range it gives.
- 04Nominal Triples to a $3 Billion Valuation on a $240 Million Series C, Without Disclosing RevenueLightspeed led the November 9 round for the hardware-testing software maker, while TechCrunch and The Next Web disagree on how large the March round was.