RPS Ventures Sells Meesho Stake for ₹900 Cr in Block Deals

RPS Ventures Monetises Part of Its Meesho Investment

RPS Ventures has sold about 3.86 crore shares of Meesho for ₹899.7 crore through multiple block deals, giving the venture capital investor a substantial liquidity event less than a year after Meesho became a publicly traded company.

The shares changed hands at an average price of ₹233 per share on September 23, according to exchange data reported by market publications. Based on the number of shares sold, the transaction represents roughly 0.84% of Meesho's equity. Some reports have rounded the stake to 0.83% or 0.9%.

The transaction is significant not because Meesho raised new capital, but because it represents a secondary sale by an existing investor. The money therefore goes to RPS Ventures rather than to Meesho's balance sheet.

Who Bought the Shares?

The block transaction was distributed among a broad group of institutional investors.

The Government of Singapore was the largest disclosed buyer, purchasing about 1.32 crore shares worth ₹307.5 crore. Mirae Asset Mutual Fund bought approximately 77.21 lakh shares for nearly ₹179.9 crore, while Societe Generale acquired around 35.5 lakh shares.

Other buyers included Fidelity, Goldman Sachs, Morgan Stanley, Citigroup, BNP Paribas, WhiteOak Capital, Bajaj Life Insurance and Edelweiss Mutual Fund.

The wide distribution suggests that Meesho shares continue to attract participation from global institutions, mutual funds and other financial investors.

RPS Ventures' Meesho Journey

RPS Ventures, founded by former SoftBank Vision Fund managing partner Kabir Misra, was an early investor in Meesho.

The fund first invested in Meesho in 2018, when the company was valued at an estimated $200 million-$250 million during a $50 million funding round. RPS Ventures has also invested in companies including Delhivery and Acko.

As of June 30, 2026, RPS WOS II LLC, the entity through which RPS Ventures held Meesho shares, reported a 1.18% stake. The latest sale therefore represents a substantial reduction in its remaining position.

Another Major Investor Liquidity Event

The RPS transaction follows another major secondary sale in Meesho earlier in September.

On September 3, SVF II Meerkat (DE) LLC, an entity associated with SoftBank, sold about 8 crore Meesho shares at ₹206.30 apiece through block transactions, with the combined value reported at around ₹1,650 crore.

Earlier in August, Meesho's early investors Peak XV Partners and Elevation Capital also sold a combined stake through block deals worth around ₹1,900 crore, according to The Economic Times.

The sequence highlights an important feature of the post-IPO market: early venture investors now have a liquid public market through which they can gradually monetise long-held positions.

What Does It Mean for Meesho?

The RPS sale does not dilute existing shareholders, because no new Meesho shares were issued. It is simply a transfer of ownership between existing and new investors.

However, repeated large block transactions can increase the amount of Meesho stock available for institutional trading. That can influence short-term supply and demand, although the underlying business remains unchanged by a secondary transaction.

Meesho's operating scale continues to be substantial. The company's investor-relations platform reports 274 million+ annual transacting users, 1.04 million+ annual transacting sellers and 2.83 billion+ placed orders for the quarter ended June 30, 2026.

That scale is central to the company's public-market story. Meesho has positioned itself around affordable commerce and a broad seller ecosystem, particularly outside India's largest metropolitan markets.

The Bigger Investor Story

For RPS Ventures, the transaction represents the conversion of part of an early-stage investment into public-market liquidity.

For Meesho, meanwhile, the more important question is whether its operating growth can continue to support the valuation expectations embedded in its listed shares.

The stock closed at around ₹236.37 on September 23, meaning the ₹233 block-deal price represented only a modest discount to the prevailing market price. Meesho shares nevertheless fell about 1.6% during that session.

The larger story is therefore not simply an investor selling shares. It is the transition of Meesho's e-commerce marketplace from a venture-backed startup into a public company where early investors, institutions and public-market shareholders increasingly trade ownership among themselves.