Meesho closes its ₹186.71 crore Kirana Club deal, adding 4.1 million kirana shops
The e-commerce company now owns 92.74% of the kirana-network app and its Indian arm, as it pushes into business-to-business trade outside the big cities.
- Stake: 92.74% for ₹186.71 crore
- Agreement signed: 12 June 2026
- Follow-on: $650,000 + ₹18.74 crore
What happened
Meesho Limited has completed the first and second tranches of its purchase of Kirana Club Pte Ltd and Retail Pulse Labs Pvt Ltd, taking 92.74% for a total of ₹186.71 crore in cash. Kirana Club is now a direct subsidiary and Retail Pulse Labs, its Indian operating arm, is a step-down subsidiary.
The share purchase agreement was signed on 12 June 2026. On 28 October Meesho's board also approved follow-on investments of $650,000 in Kirana Club and ₹18.74 crore in Retail Pulse Labs.
Why it matters
Kirana Club gives Meesho access to more than 4.1 million registered kirana retailers, mostly in smaller towns. Meesho says the deal widens its asset-light B2B presence across non-metro India and takes it into general trade.
Kirana Club is expected to keep running independently within the group. The ₹202 crore figure seen in earlier headlines was the originally announced plan, before the deal closed at 92.74%.
