News ArticleMeesho Limited Acquires 92.74% Stake in Kirana Club and Retail Pulse Labs for ₹186.71 Crore
Completion of first and second tranche on November 7, 2026, making Kirana Club a subsidiary and Retail Pulse Labs a step-down subsidiary
Meesho Limited completed the acquisition of a 92.74% stake in Kirana Club Pte. Ltd., Singapore, and its Indian subsidiary Retail Pulse Labs Private Limited for a total consideration of ₹186.71 crore in cash. The deal strengthens Meesho's position in the B2B e-commerce ecosystem targeting kirana retailers across Tier 2 to 4 and rural India.
Meesho Limited
Acquisition / Amalgamation / Merger / Demerger
Meesho Limited has completed the acquisition of a 92.74% shareholding in Kirana Club Pte. Ltd., a Singapore-based tech platform for kirana retailers, and its Indian subsidiary Retail Pulse Labs Private Limited for ₹1,86,71,12,524.48 in cash.
The acquisition includes 92.74% of Kirana Club’s share capital and its subsidiary Retail Pulse Labs Private Limited, an Indian B2B e-commerce marketplace connecting kirana and small retailers with FMCG brands and distributors, especially targeting Tier 2-4 and rural regions of India.
Kirana Club reported a turnover of SGD 45,808 and a net loss of SGD 837,754 for the financial year ended March 31, 2026. Retail Pulse Labs had a turnover of INR 16.04 crore and a net loss of INR 1.60 crore for the same period.
The acquisition aligns with Meesho's strategic goal to strengthen its presence in the e-commerce ecosystem of kirana retailers. No governmental or regulatory approvals were required for this transaction.
Meesho’s promoters, Mr. Vidit Aatrey and Mr. Sanjeev Kumar, are directors of both Kirana Club and Retail Pulse Labs. The transaction was conducted at arm’s length and does not constitute a related party transaction.
Following completion, Kirana Club and Retail Pulse Labs have become subsidiaries and related parties of Meesho Limited. Future transactions between these entities will comply with relevant laws and regulations.
Highlights
- Acquired 92.74% of Kirana Club Pte. Ltd. and Retail Pulse Labs Private Limited.
- Total cash consideration of ₹1,86,71,12,524.48 paid.
- Kirana Club incorporated in Singapore; Retail Pulse Labs in India.
- Turnover for FY 2025-26: Kirana Club SGD 45,808; Retail Pulse Labs INR 16.04 crore.
- Kirana Club and Retail Pulse Labs have become subsidiary and step-down subsidiary respectively.
- Promoters serve as directors on boards of acquired entities, no other promoter interest noted.
Key Data Snapshot
What happened
- Meesho Limited completed acquisition of 92.74% share capital in Kirana Club Pte. Ltd. and its subsidiary Retail Pulse Labs on November 7, 2026.
- The total acquisition consideration paid in cash amounted to ₹186.71 crore.
- Post acquisition, Kirana Club is a subsidiary and Retail Pulse Labs is a step-down subsidiary of Meesho Limited.
Key details
- Kirana Club is a Singapore-incorporated tech platform serving kirana retailers.
- Retail Pulse Labs operates a B2B e-commerce marketplace connecting kirana retailers with FMCG brands, focusing on Tier 2-4 and rural India.
- Kirana Club reported a FY 2025-26 turnover of SGD 45,808 and net loss of SGD 837,754.
- Retail Pulse Labs reported turnover of INR 16.04 crore and net loss of INR 1.60 crore for FY 2025-26.
- Acquisition is not a related party transaction; however, Meesho promoters serve as directors on the boards of acquired companies.
- No governmental or regulatory approvals were required for this acquisition.
Strategic context
- Acquisition supports Meesho’s strategic objectives to strengthen its presence and capabilities within the e-commerce ecosystem catering to kirana retailers.
- Future transactions between Meesho and acquired entities will comply with applicable laws and regulations concerning related parties.
Highlights
- Acquired 92.74% of Kirana Club Pte. Ltd. and Retail Pulse Labs Private Limited.
- Total cash consideration of ₹1,86,71,12,524.48 paid.
- Kirana Club incorporated in Singapore; Retail Pulse Labs in India.
- Turnover for FY 2025-26: Kirana Club SGD 45,808; Retail Pulse Labs INR 16.04 crore.
- Kirana Club and Retail Pulse Labs have become subsidiary and step-down subsidiary respectively.
- Promoters serve as directors on boards of acquired entities, no other promoter interest noted.
Disclosures
- SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 (Regulation 30)
- SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Post acquisition, Kirana Club and Retail Pulse Labs are related parties; promoters are directors on their boards.
Promoters Mr. Vidit Aatrey and Mr. Sanjeev Kumar are directors on boards of Kirana Club and Retail Pulse Labs; no other promoter or group interest.
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