Kirana Club, incorporated in Singapore, develops proprietary software applications and operates a digital platform catering to grocery retailers. Its subsidiary, Retail Pulse Lab (RPLPL), operates a B2B e-commerce marketplace that connects kirana stores and small retailers with FMCG brands and distributors, primarily across Tier-2, Tier-3, Tier-4 cities and rural India. The platform generates revenue through commissions and advertising services.
For FY26, Kirana Club reported a turnover of SGD 45,808.25, while RPLPL recorded a turnover of Rs 15.84 crore.
As per the agreement, the company will acquire 100% shareholding in Kirana Club incorporated under laws of Singapore and 0.41% of the share capital of RPLPL, an existing subsidiary of Kirana Club incorporated under the laws of India, from the identified selling shareholders, under three tranches.
The company said that the acquisition extends its mission of democratizing internet commerce to millions of retailers who power commerce across India, and provides significant deeper access to not only the over $650 billion grocery market of which Kirana and general trade channels accounts for more than 90%, but also a platform for B2B play across categories.
Kirana Club will continue to operate independently within the Meesho group. The acquisition is expected to be completed in three tranches, on or before March 31, 2027, subject to satisfaction of the conditions precedent and other terms and conditions set out in the SPA
Anshul Gupta, Co-founder and CEO of Kirana Club, said, 'Kirana Club was built on a simple belief: small retailers in Bharat deserve the same access, transparency and efficiency as modern retail. Over the last few years, we have built deep trust with kirana retailers by combining community, local insights and commerce. Meesho understands Bharat at scale and shares our belief in serving underserved users through technology. With this partnership, we can accelerate our mission of building India's most trusted digital commerce network for kiranas.'
Vidit Aatrey, chairman, managing director and chief executive officer, Meesho, said, 'At Meesho, we have always believed that technology can expand access and opportunity for underserved users across India. Kirana Club has built deep trust among small retailers through its asset-light and community-first approach. We see significant opportunities to strengthen access, transparency and product discovery for kiranas in underserved markets across India, and also extend this to all forms of B2B retail across India.'
Meesho is a multi-sided technology platform driving e-commerce in India by connecting four key stakeholders: consumers, sellers, logistics partners, and content creators. The company operates its e-commerce marketplace under the brand name 'Meesho,' enabling consumers to access a wide range of affordable products while offering sellers a low-cost platform to grow their businesses.
The company's consolidated net loss narrowed to Rs 166.34 crore in Q4 FY26 compared with net loss of Rs 1,393.12 crore in Q4 FY25. Revenue from operations climbed 47.14% YoY to Rs 3,531.21 crore in Q4 FY26.
The counter shed 0.71% to settle at Rs 167.15 on the BSE.
Powered by Capital Market - Live News
Beware of fraudulent tips, unauthenticated news and advice on stock market.
At BOB Capital, your account security is our topmost priority. Beware of receiving fraudulent communications, unauthenticated trading tips and unsolicited calls on trading in stocks from unverified sources, received through Whatsapp, Telegram, SMS, Calls, etc and take an informed decision before investing.
What should you do if you receive a trading tip over phone or SMS?
Report unsolicited messages to the Stock Exchange on +91 8291833676 or on designated email id i.e. feedbk_invg@nse.co.in. Please visit here to understand better.
Please visit CVC website at pledge.cvc.nic.in and take "Integrity Pledge" to be an active part of the "Satark Bharat, Samriddh Bharat" (Vigilant India, Prosperous India).
Filing complaints on SCORES - Easy & quick: a. Register on SCORES portal scores.sebi.gov.in/ b. Mandatory details for filing complaints on SCORES are i. Name, PAN, Address, Mobile Number, E-mail ID. c. Benefits: i. Effective communication ii. Speedy redressal of the grievances.
Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
BOBCaps employees / representatives never ask for your password.
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
In our continuous effort to keep you safeguard from the market related frauds and increase awareness while conducting trades, we request you to go through the Press Release issued by the NSE and would request you to ensure that you do not engage with the individuals and entities mentioned below: