Meesho is set to acquire the B2B platform Kirana Club in a deal valued at ₹202 crore, according to Business Line. The companies say Kirana Club will continue to operate independently as a wholly owned subsidiary within the Meesho group after the acquisition. The transaction is planned to be completed in three tranches, with the timing dependent on the terms of the share purchase agreement. The deal is expected to close by March 31, 2027, provided the required conditions under the agreement are fulfilled. The acquisition is intended to deepen Meesho’s presence with kirana retailers by bringing Kirana Club’s B2B capabilities into the Meesho group structure. Details on the tranches’ specific timelines or any operational changes beyond the independent subsidiary arrangement are not specified in the provided reports.
Meesho to acquire Kirana Club for ₹202 crore to expand with kirana retailers
Meesho is set to acquire the B2B platform Kirana Club in a deal valued at ₹202 crore, according to Business Line. The companies say Kirana Club will continue to operate independently as a wholly owned...
- Meesho will acquire Kirana Club for ₹202 crore.
- Kirana Club will operate independently as a wholly owned subsidiary within the Meesho group.
- The acquisition is to be completed in three tranches.
- The deal is expected to close by March 31, 2027.
- Closing is subject to fulfillment of conditions under the share purchase agreement.
The transaction will be completed in three tranches and is expected to close by March 31, 2027, subject to the fulfilment of conditions under the share purchase agreement
14 hours agoFollowing the acquisition, Kirana Club will operate independently as a wholly-owned subsidiary within the Meesho group
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