#meesho Tech News.
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Meesho acquired B2B platform Kirana Club for Rs 202 crore in cash. The deal gives Meesho deeper access to the grocery market and a B2B foothold in Tier II cities. Kirana Club will operate independently within the Meesho group. The platform connects kirana owners with FMCG brands.
Meesho will acquire B2B commerce startup Kirana Club in an all-cash deal worth ₹202.08 Cr. The transaction buys 100% of Kirana Club's Singapore entity and stakes in its Indian entity. Kirana Club will operate independently as a wholly-owned subsidiary, serving over 4.1 million registered retailers.
Fidelity offloaded Meesho shares worth ₹988.44 Cr via two entities in a bulk deal, selling 5.98 Cr shares at around ₹165 apiece. The sale came one day after Meesho's pre-IPO shareholder lock-in expired on June 9, freeing about 68% of outstanding equity for secondary market transactions.
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