Meesho completes majority stake acquisition in Kirana Club and Retail Pulse Labs
Detailed summary
Meesho Limited completed the acquisition of a 92.74% stake in Kirana Club Pte. Ltd. and Retail Pulse Labs Private Limited for ₹186.71 crore, making them subsidiaries to strengthen…
E-commerce platform Meesho Limited on Saturday, November 7, announced it has completed the first and second tranches of its acquisition of a 92.74% stake in Singapore-incorporated Kirana Club Pte. Ltd. and its Indian subsidiary, Retail Pulse Labs Private Limited (RPLPL), for an aggregate cash consideration of ₹186.71 crore.
Following the transaction, Kirana Club has become a direct subsidiary of Meesho, while RPLPL has become a step-down subsidiary of the listed company. The acquisition follows an initial agreement disclosed to stock exchanges on June 12, 2026, and was finalised for a total consideration of approximately ₹186.71 crore paid to identified selling shareholders.
In a regulatory filing, Meesho stated that the acquisition aligns with its strategic roadmap to strengthen its operational footprint and technological capabilities within the wider retail and e-commerce ecosystem.
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