Meesho Invests ₹400 Crore in MPPL, $650,000 in Kirana Club

Meesho Limited's board of directors has approved an investment of up to ₹400 crore in Meesho Payments Private Limited (MPPL), a wholly owned subsidiary. The investment aims to support MPPL's business operations and growth.

The board also approved the incorporation of a new wholly owned subsidiary, which will focus on building in-house underwriting capabilities and managing borrower relationships.

Additionally, Meesho will invest ₹18,73,73,721.90 in Retail Pulse Labs Private Limited (RPLPL) and $650,000 in Kirana Club Pte. Ltd., a Singapore-incorporated entity. These investments align with Meesho's strategic objectives to strengthen its presence in the e-commerce ecosystem.

MPPL reported a turnover of ₹1,104.65 lakh and a net loss of ₹2,465.22 lakh for the financial year ended March 31, 2026. RPLPL reported a turnover of ₹16.04 crore and a net loss of ₹1.60 crore for the same period. Kirana Club reported a turnover of SGD 45,808 and a net loss of SGD 837,754.

These investments are intended to support the growth and expansion of Meesho's subsidiaries and strengthen its capabilities in the e-commerce ecosystem.