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As on : 06-Oct-2026
Corporate News
06-Oct-2026     22:31

Meesho to invest up to Rs 50 crore in Retail Pulse Labs, a Kirana Club subsidiary

Meesho Limited announced that its board approved an investment of up to Rs 50 crore in Retail Pulse Labs Private Limited ("RPLPL"), a subsidiary of Kirana Club Pte. Ltd., subject to completion of the first tranche of the acquisition previously disclosed on June 12, 2026. The company also approved an amendment to the share purchase agreement dated June 12, 2026, which maintains the overall consideration of Rs 202.08 crore and scope of the proposed acquisition. RPLPL operates a B2B e-commerce marketplace platform connecting kirana retailers with FMCG brands and distributors in India, and reported a turnover of Rs 16.04 crore and a net loss of Rs 1.60 crore as of March 31, 2026.

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