Meesho Ltd Approves Acquisition of Kirana Club Pte. Ltd. and Stake in Retail Pulse Labs Private Limited
Meesho Ltd has approved the acquisition of 100% of the share capital of Kirana Club Pte. Ltd. and a minority stake in Retail Pulse Labs Private Limited (RPLPL), solidifying its strategic presence within the e-commerce ecosystem. The transaction, totaling Rs. 2,02,08,52,202.40, was approved by the company’s Board of Directors on Friday, June 12, 2026.The acquisition targets include Kirana Club Pte. Ltd., a company incorporated under the laws of Singapore, and RPLPL, an existing subsidiary of Kirana Club based in India. The entire deal involves a cash consideration structure.
Following the successful completion of all tranches, which are scheduled to occur by March 31, 2027, Kirana Club will become a wholly owned subsidiary (WOS) of Meesho Limited. RPLPL is set to become a step-down subsidiary of the company, with Meesho holding a 99.59% stake indirectly through Kirana Club and retaining a direct 0.41% shareholding in RPLPL.
The acquisition aligns with Meesho’s strategic objectives and aims to strengthen its capabilities within the e-commerce sector. The proposed transaction does not constitute a related party transaction, and neither the promoter nor any associated entities have an interest in the acquired businesses. Both Kirana Club and RPLPL operate within the tech platform sphere, serving as B2B community networks for kirana retailers.
Financial and Operational Details of Acquired Entities
The two companies, which are engaged in developing proprietary software applications and operating a digital B2B marketplace, showcased varied performance in their recent financial years:| Entity | Country of Presence | Line of Business |
|---|---|---|
| Kirana Club Pte. Ltd. | Singapore | Developing proprietary software for grocery retailers. |
| Retail Pulse Labs Private Limited (RPLPL) | India | Operates a B2B e-commerce marketplace connecting kirana/small retailers with FMCG brands and distributors, primarily across Tier 2 - 4 and rural India. Revenue generated through commissions and advertising services. |
The turnover performance of both acquired entities over the past three financial years is detailed below:
| Year | Kirana Club (Turnover in SGD) | RPLPL (Turnover in INR Crore) |
|---|---|---|
| 2025-26 (Unaudited) | 45,808.25 | 15.84 |
| 2024-25 (Audited) | 45,714.94 | 4.92 |
| 2023-24 (Audited) | N/A | 2.7 |
The acquisition of Kirana Club Pte. Ltd. was completed through the purchase of 1,46,511 ordinary shares, while Meesho will acquire 41 Compulsorily Convertible Preference Shares in RPLPL for a 0.41% stake. The remaining 99.59% stake of RPLPL is also part of this strategic acquisition.
MEESHO Stock Price Movement
Meesho Limited shares closed today, shedding 0.80% in trading to settle at ₹166.92 per share. The stock saw heavy activity during the session, with approximately 11.70 million shares changing hands.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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