India, June 13 -- E-commerce firm Meesho on Friday announced it will acquire community-led B2B platform Kirana Club for about Rs 202 crore in an all-cash deal. According to a regulatory filing, Meesho's board approved the acquisition of a 100 per cent stake in Singapore-incorporated Kirana Club Pte Ltd and its Indian subsidiary, Retail Pulse Labs Pvt Ltd (RPLPL). The acquisition will be completed in three tranches on or before March 31, 2027, the company said.

"The Board of Directors of Meesho Ltd.has considered and approved the acquisition of 100 per cent of the share capital of Kirana Club Pte Ltd, a company incorporated under the laws of Singapore, and 0.41 per cent of the share capital of Retail Pulse Labs Pvt Ltd, an existing subsid...