Meesho Block Deal: SVF II Meerkat likely to sell 1% stake at ₹246 per share

Résumé détaillé

SVF II Meerkat is likely to sell 1% of Meesho’s total equity through a block deal worth ₹1,174 crore. The floor price has been set at ₹246.23 per share, offering a discount of up…

SVF II Meerkat (DE) LLC, an affiliate of SoftBank, is likely to sell a 1% stake in e-commerce company Meesho Ltd through a block deal worth approximately ₹1,174 crore, sources told CNBC-TV18.

The floor price for the transaction has been set at ₹246.23 per share, representing a potential discount of up to 3.1% to the current market price.

Meesho reported a 23% year-on-year rise in Net Merchandise Value (NMV) to ₹12,911 crore for the quarter ended September 30, 2026. Net losses for the quarter narrowed by approximately 68% year-on-year to ₹132 crore, down from ₹411 crore in the same quarter last year.

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The company generated ₹345 crore in quarterly free cash flow, a reversal from an outflow of ₹226 crore in the preceding quarter, which it attributed to seasonal working capital benefits. Meesho held a cash balance of ₹7,048 crore as of September 30, 2026.

Annual Transacting Users grew 21% year-on-year to 284 million, while annual purchase frequency rose 7% year-on-year to 10.4 transactions per user. First-time buyers increased 16% quarter-on-quarter. Placed orders rose 17% year-on-year to 819 million. The company said NMV on a festive-aligned basis — measured over the 90 days preceding Dussehra — grew 33% year-on-year, which it said reflects consumer demand across comparable festive periods.

It noted that this year's Mega Blockbuster Sale moved from the second quarter to the third quarter compared with the previous year, and that the festive-aligned comparison captures the same stretch of seasonal demand, including the sale, in both years.

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Within the platform, Meesho Mall — now home to approximately 1,800 brands — posted 81% year-on-year NMV growth, with growth reaching 89% in Tier 3-plus cities; the company said roughly half of Mall customers during the quarter were first-time…

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