Meesho Ltd. has approved an investment of up to Rs.50 crore in Retail Pulse Labs Pvt. Ltd. The proposed investment is linked to the first tranche of Meesho’s acquisition of Kirana Club Pte. Ltd. and its subsidiary, Retail Pulse Labs.
Following completion of the relevant acquisition steps, Retail Pulse Labs is expected to become a step-down subsidiary of Meesho. The transaction is aimed at strengthening Meesho’s presence in the retail and technology ecosystem and expanding its capabilities around the digital retail market.
The investment comes as Meesho continues to broaden its operations across India’s e-commerce market. The company has been focusing on expanding its seller and consumer ecosystem, with technology and retail infrastructure playing an important role in its growth plans.
