Japanese investment firm SoftBank Group sold a 1.65% stake in Meesho, a Bengaluru-based ecommerce company, for 18.9 billion rupees (US$200 million) in a block deal.

The sale by SoftBank affiliate SVF II Meerkat (DE) LLC cut its holding in Meesho to 5.19% from 6.84%. Societe Generale, a Paris-based financial services firm, was the largest buyer.

The transaction follows SoftBank’s recent stake sales in Meesho and eyewear retailer Lenskart, as well as an earlier reduction in electric two-wheeler maker Ola Electric Mobility.

Meesho went public in December 2025 through a US$604 million initial public offering. The listing valued the company at US$8.8 billion.

🔗 Source: The Economic Times