---
title: "Meesho Completes Rs 186.71 Cr Kirana Club Buy | bharat.digital"
description: "The listed ecommerce company told exchanges on 7 November 2026 that the first and second tranche of its Kirana Club and Retail Pulse Labs purchase is done..."
url: "https://bharat.digital/originals/meesho-kirana-club-retail-pulse-92-pct-rs-187-cr-nov-2026/index.md"
canonical: "https://bharat.digital/originals/meesho-kirana-club-retail-pulse-92-pct-rs-187-cr-nov-2026/"
published: "2026-11-08T14:50:00+04:00"
updated: "2026-11-08T14:50:00+04:00"
section: "Originals"
type: "startup"
author: "bharat.digital desk"
image: "https://bharat.digital/img/originals/meesho-kirana-club-retail-pulse-92-pct-rs-187-cr-nov-2026-auto-ec99472f-og.jpg"
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site: "bharat.digital"
---

# Meesho completes Rs 186.71 crore buy of a 92.74 percent stake in Kirana Club

*The listed ecommerce company told exchanges on 7 November 2026 that the first and second tranche of its Kirana Club and Retail Pulse Labs purchase is done, after a June disclosure that set out a three-tranche cash deal.*

By bharat.digital desk. Startup, Startups & Fintech. Published 2026-11-08T14:50:00+04:00. 2 min read.

![Meesho completes Rs 186.71 crore buy of a 92.74 percent stake in Kirana Club](https://bharat.digital/img/originals/meesho-kirana-club-retail-pulse-92-pct-rs-187-cr-nov-2026-auto-ec99472f-hero.webp)

## At a glance

- Company: Meesho / Kirana Club
- What it does: B2B tech platform and grocery marketplace connecting kirana stores with FMCG brands and distributors
- Based in: Bengaluru
- Latest: Completed first and second tranche, buying 92.74 percent of Kirana Club for Rs 186.71 crore
- Date: 2026-11-07
- Founders: Vidit Aatrey and Sanjeev Kumar (Meesho); Anshul Gupta and Aishwarya Jain (Kirana Club)

Meesho Limited told the National Stock Exchange and BSE on 7 November 2026 that it had completed the first and second tranche of its acquisition of Kirana Club Pte. Ltd., a Singapore company, and that company's Indian subsidiary, Retail Pulse Labs Private Limited. Meesho paid Rs 186.71 crore in cash, exactly Rs 1,86,71,12,524.48, to identified selling shareholders for 92.74 percent of the share capital, according to the exchange filing. Kirana Club is now a direct subsidiary of Meesho, and Retail Pulse Labs is a step-down subsidiary. CNBC-TV18 reported the same close the same day.

Kirana Club, incorporated in Singapore on 4 October 2023, develops proprietary software and runs a digital platform built for grocery retailers. Retail Pulse Labs, incorporated in India on 7 October 2021, operates a business-to-business marketplace that links kirana stores and small merchants with FMCG brands and distributors, mainly in Tier 2 to Tier 4 towns and rural markets. It earns money from commissions and advertising, the filing says. In June, when Meesho first disclosed the deal, The Economic Times reported that Kirana Club was founded by Anshul Gupta and Aishwarya Jain, and that Meesho would buy the business for Rs 202 crore in cash across three tranches by 31 March 2027.

The November filing updates the targets' latest full-year numbers. For the year ended 31 March 2026, Retail Pulse Labs reported turnover of Rs 16.04 crore, up from Rs 4.92 crore a year earlier and Rs 2.69 crore the year before that, and a net loss of Rs 1.60 crore. Kirana Club reported turnover of 45,808 Singapore dollars and a net loss of 837,754 Singapore dollars in the same year.

Meesho said the purchase itself is not a related party transaction. After the close, both companies become related parties of Meesho for any future dealings. Promoters Vidit Aatrey and Sanjeev Kumar already sit on the boards of Kirana Club and Retail Pulse Labs. The filing said no extra government or regulatory approval was required. Meesho, which is based in Bengaluru and listed as MEESHO on the NSE and under scrip code 544632 on the BSE, told exchanges the deal is meant to strengthen its presence and capabilities in the ecommerce ecosystem.

When the deal was first announced, Aatrey told The Economic Times that Kirana Club had been built as a community-led business-to-business marketplace for kiranas outside the metros, with more than 4.1 million registered retailers, and that India's grocery market was estimated at about $658 billion, with kirana and general trade accounting for nearly 91 percent of it.

## Sources

1. [Meesho Limited: NSE/BSE filing on completion of Kirana Club and Retail Pulse Labs acquisition (7 November 2026)](https://nsearchives.nseindia.com/corporate/MEESHO_07112026173212_MLBM_Intimation_under_reg_30_-_KC_acqusition__1_.pdf)
2. [CNBC-TV18: Meesho completes majority stake acquisition in Kirana Club and Retail Pulse Labs](https://www.cnbctv18.com/market/meesho-completes-majority-stake-acquisition-in-kirana-club-and-retail-pulse-labs-20029616.htm)
3. [Economic Times: Meesho to buy Kirana Club for Rs 202 crore (12 June 2026)](https://economictimes.indiatimes.com/tech/technology/meesho-to-buy-kirana-club-for-rs-202-crore-eyes-deeper-kirana-play/articleshow/131683344.cms)

Written by the bharat.digital desk from the sources above. Figures are as reported by those sources.