Meesho's first post-IPO deal: Rs 202 cr for Kirana Club's 4.1M-store network
Meesho is acquiring Bengaluru-based Kirana Club (Retail Pulse Labs) for Rs 202 crore, marking its first post-listing M&A. The asset-light platform reached 4.1 million kirana stores on just $2 million raised, clocking Rs 15.84 crore FY26 revenue at a 13x multiple. Deal closes by March 2027.
Meesho is acquiring Kirana Club (Retail Pulse Labs) for Rs 202 crore, its first post-listing M&A. The asset-light platform built a 4.1 million kirana store network on just $2 million, posting Rs 15.84 crore FY26 revenue.