SVF II Meerkat (DE) LLC, owned by the SoftBank Group Corp through SoftBank Vision Fund, has completed a significant stake sale in Meesho, the Bengaluru-based e-commerce company. According to block deals published on the National Stock Exchange, the SoftBank entity sold 7 crore equity shares, representing 1.5% of paid-up equity via a bulk deal valued at ₹1,435 crore (approximately $161 million). However, the sale was upsized to nearly ₹1,650 crore before completion, indicating strong buyer appetite for the stock. The Meesho shares exchanged at a price of ₹206.3 per share among several domestic and overseas investors. As per recent reports, SVF II Meerkat DE held an 8.60% stake in the e-commerce company as of the June 2026 quarter, making this a substantial divestment from the Japanese investment giant.
The transaction attracted significant global institutional interest, with buyers including Morgan Stanley, Fidelity Investments, Goldman Sachs, Manulife Investment Management, Norges Bank on account of the Government Pension Fund Global, Social Protection Fund, Copthall Mauritius Investment, BofA Securities, Dendana Investments (Mauritius), Ghisallo Master Fund, Kuwait Investment Authority, Societe Generale, and Susquehanna Pacific. Domestic institutional investors also participated, with Franklin Templeton MF, HDFC Standard Life Insurance, HSBC MF, Bajaj Allianz Life Insurance, Canara Robeco MF, Bajaj Life Insurance, and Motilal Oswal AMC acquiring shares from SVF II Meerkat. Bank of America and JP Morgan were expected to bank the deal according to Dealroom reports.
DSDG Holding ApS, an affiliate of Danish Sustainable Development Goals Investment Fund managed by IFU, sold 16.33 lakh shares, representing 1.39 percent of paid-up equity, for ₹199.3 crore at a price of ₹1,220 per share. This transaction was executed from its total shareholding of 1.82 percent in CleanMax as of June 2026. All the shares sold by DSDG were acquired by marquee institutional investors including SBI Life Insurance, Mahindra Manulife Mutual Fund, ICICI Prudential Life Insurance, DSP India Fund, and WhiteOak Capital MF.
Despite the SoftBank exit, Meesho demonstrated robust financial performance with revenue from operations for the June 2026 quarter jumping 48% year-on-year to ₹3,712.8 crore, while net loss narrowed 54% year-on-year to ₹132.8 crore. The company's consolidated revenue from operations increased by 45.49% YoY from ₹2,629.95 crore in Q1 FY26 to ₹3,826.39 crore in Q1 FY27. Consolidated net profit increased by 54.09% YoY, reaching ₹(1,328.35) crore compared to ₹(2,893.58) crore during the same period last year. The basic earnings per share increased by 58.82% and stood at ₹(0.28) as against ₹(0.68) recorded in the same quarter in the previous year. Meesho shares closed 3.14% higher at ₹211.6 on September 2, valuing the company at just under ₹97,900 crore. The stock has gained 16.5% in 2026, significantly outperforming the 8.5% decline in the Nifty 50.
