SoftBank Offloads Stake In Meesho Worth ₹1,885 Crore Block Deal As Global Institutional Buyers Step In
India's online shopping story is no longer only about metros and big-ticket purchases. The next wave is coming from smaller towns, where shoppers hunt for value and sellers want cheap ways to reach them. Platforms built around affordability, easy seller access and low-cost delivery are gaining ground, and public markets have started to reward them for it.
The Nifty 50 was trading at 25,215.90, down 0.33%. Meanwhile, Sensex also fell 0.26% to 81,684.79 on Friday. Meanwhile, shares of Meesho Ltd. were trading at Rs. 255.21, up 0.43 percent from previous close of Rs. 254.11. The stock opened at Rs. 254.05 and reached an intraday high of Rs. 258.07 and low of Rs. 253.85. The company currently has a market capitalization of Rs. 1,18,299 crores.
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What's the news
Meesho shares saw heavy action on the NSE after a block deal of Rs 1,885 crore, in which about 7.64 crore shares, roughly 1.65% of the company, changed hands. SoftBank's affiliate, SVF II Meerkat (DE) LLC, was the seller, partly cashing out of its holding after the company's listing. SoftBank still remains a significant shareholder.
Buyers included big global names such as Goldman Sachs, Morgan Stanley, Citigroup and BNP Paribas. The timing matters too, since Meesho was added to the MSCI India Standard Index in the November rebalancing. That is expected to bring around $307 million of passive money, and the stock has been trading at fresh post-listing highs.
Financial & Business analysis
Looking at the quarterly results of Meesho, the company's consolidated revenue from operations increased by 34.40 percent YoY, from Rs. 3,073.67 crore in Q2 FY26 to Rs. 4,131.58 crore in Q2 FY27, and increased by 11.28 percent QoQ from Rs. 3,712.81 crore in Q1 FY27.
In Q2 FY27, Meesho's consolidated net loss narrowed by 67.81 percent YoY, reaching Rs. (132.44) crore compared to a net loss of Rs. (411.36) crore during the same period last year. As compared to Q1 FY27, net loss narrowed by 0.29 percent QoQ, from Rs. (132.83) crore. Basic earnings per share EPS stood at Rs. (0.28), compared to Rs. (0.97) recorded in the corresponding quarter of the previous financial year.
Meesho is a marketplace, so there is no order book to point to the way an infrastructure company would have one. The better signal is the health of both sides of the platform. First-time buyers rose 16% sequentially, and annual transacting sellers grew 60% year on year to 1.13 million. Its zero-commission model and focus on value-conscious shoppers in tier-2 and tier-3 towns drive that growth.
This helps in a few ways. More sellers mean wider choice and sharper prices, which pulls in more buyers, and that loop gets stronger with scale. Its logistics arm, Valmo, gives it more control over delivery cost and speed, which matters when order values are small. Index inclusion also widens the pool of institutional investors, which should improve liquidity and visibility, and brokerages have stayed upbeat.
Industry context
The shopper base is expanding fast. Bain's How India Shops Online 2026 puts India's online shoppers at about 290 to 300 million, while the number of sellers tripled over five years. Tier-2 and smaller cities brought roughly 65% of new shoppers, which is exactly the customer Meesho is built for.
The runway is still long. IBEF projects the market growing from $125 billion in 2024 to $345 billion by 2030. Only 25 to 30% of internet users in tier-2 and smaller cities shop online, against 45 to 50% in metros, so there is plenty of headroom. Order values there are also lower, at Rs 500 to 700 versus Rs 900 and above in tier-1 cities, which is why cheap logistics decides who wins.
About Meesho
Meesho is a Bengaluru-based online marketplace that connects sellers with shoppers, with a strong focus on value-conscious customers in tier-2 and tier-3 cities. It runs a zero-commission model for sellers and has built its own logistics network, Valmo, to keep delivery costs low. SoftBank has been one of its prominent early investors, and the company is now listed on the stock exchanges.
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