MEESHO TO ACQUIRE KIRANA CLUB FOR ₹202 CRORE

• 🤝 Meesho board approves acquisition of 100% stake in Singapore-based Kirana Club and 0.41% stake in Retail Pulse Labs (RPPL) for ₹202.08 crore • 🏪 Kirana Club operates a digital platform for grocery retailers, while RPPL runs a B2B marketplace connecting kirana stores with FMCG brands • 📈 Acquisition aims to strengthen Meesho's presence and capabilities in the e-commerce and kirana ecosystem • 🏢 Post-acquisition, Kirana Club will become a wholly-owned subsidiary of Meesho • 🔄 Transaction to be completed in three tranches by or before March 31, 2027 🟢 Impact: Positive — Enhances Meesho's kirana retail network, B2B commerce capabilities and rural distribution reach.

MEESHO LIMITED

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