SynopsisE-commerce giant Meesho is set to acquire Kirana Club for Rs 202 crore in a cash deal, aiming to bolster its reach within India's vast kirana and small retailer network. This strategic move, approved by Meesho's board, will see the acquisition of Kirana Club's Singapore entity and its Indian subsidiary, Retail Pulse Labs.ReutersMeesho will acquire business-to-business grocery marketplace Kirana Club for Rs 202 crore in cash, as the ecommerce marketplace looks to deepen its presence in the country’s kirana and small retailer ecosystem.Meesho's board approved the acquisition on Friday, according to a stock exchange filing. Meesho will acquire 100% of Singapore-incorporated Kirana Club and 0.41% of Retail Pulse Labs Pvt Ltd, an India entity that is already a subsidiary of Kirana Club. The remaining 99.59% stake in Retail Pulse Labs will be held indirectly through Kirana Club after the transaction.The deal will be completed in three tranches by March 31, 2027. Meesho said the transaction will not require any government or regulatory approvals.Kirana Club operates as a technology platform and B2B community network for kirana retailers. Its Indian subsidiary runs a B2B ecommerce marketplace connecting kiranas and small retailers with FMCG brands and distributors, primarily across tier II-IV and rural India. The business generates revenue through commissions and advertising services. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now