Meesho Incorporates WOS, Invests ₹400 Cr in Subsidiary

Meesho Limited announced board approval for the incorporation of a new Wholly Owned Subsidiary (WOS). Additionally, the company approved a further investment of up to ₹400 Crores (₹4,00,00,00,000) in its wholly-owned subsidiary, Meesho Payments Private Limited (MPPL). This investment aims to support MPPL's business operations and growth. The company also approved an investment of USD 650,000 in Kirana Club Pte. Ltd. and INR 18,73,73,721.90 in Retail Pulse Labs Private Limited, a subsidiary of Kirana Club. These strategic investments are intended to enhance the group's capabilities and expand its market presence.