Meesho buys Kirana Club for ₹202 Cr in first post-IPO deal, eyes B2B kirana play

Meesho's debut post-IPO acquisition values Kirana Club at 200x FY26 revenue (₹33 Lakh topline), signalling aggressive entry into Tier III-IV B2B retail. Plan leverages Valmo logistics, payments and seller base to challenge Udaan ($1.8 Bn, down 59%) and ElasticRun ($800 Mn) in a battered kirana-tech segment.

— Filed Thu, 25 Jun, 2026, 07:02 IST · Source Inc42 · Buzz · Updated

Meesho's first post-IPO acquisition is Kirana Club for ₹202 Cr, valuing it at 200x FY26 revenue. The deal marks Meesho's B2B kirana commerce entry, leveraging Valmo logistics, payments and seller ecosystem to target Tier III-IV retailers.

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