JSA, Collyer Law, IC RegFin Legal act on Meesho's ₹202 crore acquisition of Kirana Club

Meesho Limited has acquired 100% of the shareholding of Kirana Club Pte Ltd (together with the indirect acquisition of its Indian subsidiary, Retail Pulse Labs Private Limited) from its Promoters and other selling shareholders, for ₹202 crore.

JSA Advocates & Solicitors advised Meesho on this acquisition. The Firm assisted Meesho in all aspects of the transaction, including conducting due diligence on Retail Pulse Labs Private Limited as well as structuring, negotiating and finalising the definitive documents and pre-closing actions. 

The transaction team consisted of Archana Tewary (Partner), Nandini Menon (Senior Associate), Naveen Kumar (Associate) and Sanchari Sengupta (Junior Associate).

Collyer Law acted as Singapore counsel to Meesho. The Firm's role included red-flag legal due diligence on Kirana Club Pte Ltd across corporate and secretarial records, financial indebtedness, regulatory licences, material contracts, employment, intellectual property, data protection and insurance.

The transaction was led by Azmul Haque (Founder & Managing Director) and Shaktibhushan Shukla (Managing Associate).

IC RegFin Legal advised Powerhouse Ventures, an existing investor in Kirana Club, on this acquisition.

The transaction was led by Ankit Bhasin (Partner) and Saransh Agarwal (Senior Associate).

Meesho is India’s largest e-commerce platform by annual transacting users and orders.

Kirana Club houses India’s largest digital communities of kirana owners, with over 4.1 million registered retailers. Its mobile-first platform enables retailers to discover, compare and order FMCG and grocery products directly from brands, through a marketplace purpose-built for underserved markets across India.

The acquisition combines Kirana Club’s registered retailers with Meesho’s logistics and marketplace infrastructure, enhancing B2B grocery penetration in Tier-2 to Tier-4 cities. Kirana Club will continue to operate independently under the Meesho group.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.