Meesho received board approval to invest $650,000 in Kirana Club and ₹18.74 crore in Retail Pulse Labs. The company directors authorized these capital allocations during a meeting conducted on October 28, 2026. These investments involve subscribing to equity shares and other financial instruments within the digital commerce and retail software sectors.
The investment in Kirana Club involves a subscription to ordinary shares of the entity. Kirana Club operates a digital platform and develops proprietary software applications specifically for grocery retailers. Meesho stated that this move aligns with its strategic objectives to bolster its presence and capabilities within the broader e-commerce ecosystem.
Regarding the ₹18.74 crore investment in Retail Pulse Labs, the board approved the purchase of equity shares or equity-linked instruments. Retail Pulse Labs functions as a subsidiary of Kirana Club and operates a B2B marketplace connecting small retailers with FMCG brands and distributors. This business primarily serves rural areas and Tier 2-4 cities, generating revenue through advertising services and commissions. The company noted that this funding supports the subsidiary’s capital requirements, business expansion, and the integration of ecosystem capabilities.
Based on company and agency reports. For information only; not investment advice.