M&A

M&A

E-commerce co. Meesho acquires B2B platform for grocery stores Kirana Club for Rs.202-Cr

BSE Announcement   Yourstory  

Publicly listed e-commerce platform Meesho has acquired fellow Bengaluru-based B2B (business-to-business) commerce platform Kirana Club for INR 202 crore. Following the all cash acquisition, Kirana Club will continue to operate as an independent entity within the Meesho group.Founded in 2020 by Anshul Gupta and Aishwarya Jain, Kirana Club connects kirana shop owners with FMCG brands and distributors across Tier II to IV towns and rural areas.Kirana Club allows retailers to discover, compare, and order FMCG and grocery products through a marketplace, serving a network of 4.1 million registered retailers. The company plans to use the integration with Meesho to leverage its logistics capabilities, supplier network, and marketplace infrastructure.