Meesho Limited’s Board of Directors has approved substantial investments, including up to INR 400 Crores in its wholly-owned subsidiary, Meesho Payments Private Limited (MPPL). Additionally, the company will invest USD 650,000 in Kirana Club Pte. Ltd. and approximately INR 18.74 Crores in Retail Pulse Labs Private Limited. These strategic moves aim to support business growth, operational efficiency, and expansion initiatives for its subsidiaries.
Meesho Board Approves Key Investments
Meesho Limited (formerly known as Meesho Private Limited) announced today that its Board of Directors has approved several key strategic initiatives during its meeting on October 28, 2026. These approvals include the incorporation of a new wholly-owned subsidiary and significant further investments in its existing group entities.
Investment in Meesho Payments Private Limited
A major approval was the further investment of up to INR 4,00,00,00,000 (INR 400 Crores) in Meesho Payments Private Limited (MPPL), a wholly-owned subsidiary. This investment will be made by subscribing to the rights issue or further capital issue of MPPL, to be utilized for its overall business operations and growth. As of March 31, 2026, MPPL reported a turnover of INR 1,104.65 lakhs and a net loss of INR 2,465.22 lakhs.
Investments in Overseas and Indian Subsidiaries
Meesho also approved a further investment of USD 650,000 (United States Dollars Six Hundred and Fifty Thousand Only) in Kirana Club Pte. Ltd. (Kirana Club). Concurrently, an investment of INR 18,73,73,721.90 (Indian Rupees Eighteen Crores Seventy-Three Lakhs Seventy-Three Thousand Seven Hundred and Twenty-One and Ninety Paise Only) is planned for Retail Pulse Labs Private Limited (RPLPL), which is a subsidiary of Kirana Club.
For RPLPL, the investment aims to support strategic growth, business expansion, and capital requirements, integrating ecosystem capabilities. Kirana Club, incorporated in Singapore, is involved in developing proprietary software applications and operating a digital platform for grocery retailers. RPLPL, based in India, operates a B2B e-commerce marketplace connecting Kirana retailers with FMCG brands and distributors.
Subsidiary Incorporation
The Board also approved the incorporation of a new Wholly Owned Subsidiary (WOS) under the Companies Act, 2013. This new entity is intended to enable the group to build in-house underwriting, control product design, directly own borrower relationships, and capture full lending margins while gaining access to institutional funding.
The company stated that the aforesaid information will also be made available on its website at https://investor.meesho.com/announcements.
Source: BSE
