Meesho has secured approval to invest $650,000 in Kirana Club (KC) by way of subscription to ordinary shares of KC. The investment is in line with the company’s strategic objectives and is expected to strengthen its presence and capabilities in the e-commerce ecosystem. The board of directors of the company, at its meeting held on October 28, 2026, has approved the same. KC is engaged in the business of developing proprietary software applications and operating a digital platform designed for grocery retailers.
The board has also approved investment of Rs 18.74 crore in Retail Pulse Labs (RPLPL), a subsidiary of KC, by way of subscription to or purchase of equity shares, equity-linked instruments or any other permissible securities/instruments of RPLPL. The investment is aimed at supporting strategic growth, business expansion, and capital requirements of RPLPL, and integrating ecosystem capabilities. RPLPL 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.
Meesho is a multi-sided technology platform driving e-commerce in India by connecting four key stakeholders: consumers, sellers, logistics partners, and content creators. Its value-focused ecommerce marketplace serves consumers from diverse income backgrounds across India by offering 'Everyday Low Prices'.
