India, June 12 -- Ecommerce major Meesho will acquire B2B commerce startup Kirana Club in an all-cash deal worth Rs.202.08 Cr (about $21.2 Mn). The company said the transaction is expected to be completed in three tranches on or before March 31, 2027.

The deal would see Meesho buy 100% of the share capital of Kirana Club's Singapore entity, Kirana Club Pte Ltd, and 0.41% of the share capital of its Indian entity, Retail Pulse Labs Pvt Ltd, via the acquisition of 41 CCPS from its identified selling shareholders. The remaining 99.59% stake of RPLPL will be acquired by the company indirectly via Kirana Club.

The acquisition comes as Meesho seeks to deepen its presence across the ecommerce value chain amid strong business momentum. The comp...