Meesho has secured approval to invest up to Rs 400 crore in its wholly owned subsidiary -- Meesho Payments (MPPL), by way of subscribing to the rights issue/further issue of capital, in one or more tranches. The board of directors of the company, at its meeting held on October 28, 2026, has approved the same. The proposed investment by the company is intended to support the overall business operations and growth of MPPL, enabling it to enhance its capabilities, scale its operations, and effectively meet its business and regulatory requirements.
The infusion of funds is expected to facilitate expansion of MPPL’s activities, improve operational efficiency, and support the development of its offerings in line with the evolving needs of the business and the market.
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'.
