Meesho Limited has completed the first and second tranche acquisition of 92.74% share capital in Kirana Club Pte. Ltd. (Singapore incorporated) and its subsidiary Retail Pulse Labs Private Limited (India incorporated) on November 7, 2026. The acquisition was made from identified selling shareholders for an aggregate consideration of ₹1,86,71,12,524.48 (Rupees One Hundred Eighty-Six Crore Seventy-One Lakh Twelve Thousand Five Hundred Twenty-Four and Forty-Eight Paise only).
Acquisition Details
- Percentage Acquired: 92.74% of share capital of both entities
- Corporate Structure Impact: Kirana Club becomes a subsidiary of Meesho Limited; RPLPL becomes a step-down subsidiary
- Regulatory Reference: Disclosure made under Regulation 30 read with Schedule III of SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Target Company Financials (as of March 31, 2026)
Kirana Club Pte. Ltd.:
- Turnover: SGD 45,808
- Net Loss: SGD (837,754)
Retail Pulse Labs Private Limited:
- Turnover: ₹16.04 Crore
- Net Loss: ₹(1.60) Crore
Historical Turnover Data
Kirana Club (SGD):
- 2025-26: 45,808
- 2024-25: 38,177
- 2023-24: Nil
RPLPL (INR Crore):
- 2025-26: 16.04
- 2024-25: 4.92
- 2023-24: 2.69
Business Background
Kirana Club Pte. Ltd.:
- Incorporated: October 4, 2023
- Country: Singapore
- Business: Developing proprietary software applications and operating a digital platform designed for grocery retailers
Retail Pulse Labs Private Limited:
- Incorporated: October 7, 2021
- Country: India
- Business: Operates a B2B e-commerce marketplace platform connecting kirana/small retailers with FMCG brands and distributors, primarily across Tier 2–4 and rural India. Revenue generated through commissions and advertising services.
Related Party Considerations
The acquisition does not constitute a related party transaction. However, post-acquisition, both entities become related parties of Meesho Limited. Mr. Vidit Aatrey and Mr. Sanjeev Kumar, Promoters of Meesho Limited, are directors on the Boards of Kirana Club and RPLPL. No other promoter, promoter group or group companies of Meesho Limited have any interest in the acquired entities.
Strategic Rationale
The acquisition aligns with Meesho's strategic objectives and is expected to strengthen its presence and capabilities in the e-commerce ecosystem.
Regulatory Approvals
No governmental or regulatory approvals were required for this acquisition.
Additional Information
The disclosure was signed by Rahul Bhardwaj, Company Secretary and Compliance Officer (Membership No.: A41649) on November 7, 2026. The information will be made available on the Company's website at https://investor.meesho.com/announcements.