RPS Ventures, an initial investor in the e-commerce platform Meesho, has sold 3.86 crore shares of the Bengaluru-based company for roughly Rs 900 crore through numerous block deals on the BSE. Based on information from the stock exchange, RPS Ventures, via RPS WOS II LLC, disposed of 3,86,13,960 equity shares at Rs 233 per share, which equates to about 0.83% of Meesho’s stake. The total value of the transaction reached Rs 899.71 crore.
Impact on RPS Ventures’ Stake in Meesho
As of June 2026, RPS Ventures, established by the former managing partner of the SoftBank Vision Fund, Kabir Misra, held a 1.12% stake in Meesho. Following this sale, their holding is now estimated to have decreased to approximately 0.29%.
Buyers Involved in the Transaction
A combination of domestic and international institutional investors acquired the shares. The largest buyer was the Government of Singapore, which purchased 1.32 crore shares valued at around Rs 307.5 crore. This was followed by Mirae Asset Mutual Fund, which acquired 77.21 lakh shares worth Rs 179.9 crore. Other notable buyers included Societe Generale, BNP Paribas, Fidelity Advisor Overseas Fund, Citigroup Global Markets Singapore, Norges Bank on behalf of the Government Pension Fund Global, Ghisallo Master Fund, Morgan Stanley Asia Singapore, WhiteOak Capital Mutual Fund, Bajaj Life Insurance, and Edelweiss Mutual Fund.
Recent Stake Sales by Meesho’s Early Investors
This transaction is part of a trend of stake divestments among Meesho’s early backers. Earlier this month, Japanese investment giant SoftBank sold 8 crore shares, representing a 1.73% stake, which was valued at Rs 1,650.4 crore. As of June 2026, SoftBank held an 8.60% stake in the company.
In August, Peak XV Partners and Elevation Capital collectively sold a 2.27% stake in Meesho through block deals amounting to around Rs 1,949 crore. This was followed by Y Combinator’s stake sale, generating an approximate value of Rs 970 crore.
Meesho’s Financial Performance
Meesho reported a 48% increase in year-on-year operating revenue, reaching Rs 3,713 crore in Q1 FY27, while its net loss decreased by 54% to Rs 133 crore compared to Rs 289 crore in the same quarter the previous year.
At the close of trading on Wednesday, Meesho’s shares were valued at Rs 236.35 on the BSE, with a total market value of Rs 1,09,341 crore (approximately $11.5 billion).