Meesho set to buy Kirana Club, minor stake in Kirana Club arm for INR 2 bln
This story was originally published at 18:42 IST on 12 June 2026
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--Meesho to buy Kirana Club, minor stake in Kirana Club arm for INR 2 bln
AHMEDABAD--Meesho Ltd. on Friday said it is set to acquire Kirana Club, a community-led business-to-business commerce digital platform of 4.1 million registered kirana retailers, for INR 2.02 billion.
It would pay the monies in cash in three tranches before Mar. 31, 2027 to buy 100% stake in Kirana Club Pte. Ltd., the company incorporated under the laws of Singapore, it said in a filing with the stock exchanges Friday. The company would also buy 0.41% of the share capital of Retail Pulse Labs Pvt. Ltd., a subsidiary of Kirana Club and incorporated under the Indian laws, as part of the transaction. Post-acquisition, Kirana Club would become a wholly-owned subsidiary of Meesho, and Retail Pulse Labs Pvt. Ltd. will be a step-down subsidiary.
For the March quarter, Meesho reported a consolidated loss of INR 1.66 billion on revenue of INR 35.51 billion. On Friday, shares of the company closed 0.8% lower at INR 166.92 on the National Stock Exchange. End
Reported by Sunil Raghu
Edited by Deepshikha Bhardwaj
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