Meesho to Invest Up to Rs 400 Crore in Its Payments Arm
Meesho's board also approved a new wholly owned financial services subsidiary for in-house lending.
Key Takeaways
- Meesho's board approved up to Rs 400 crore for Meesho Payments Private Limited.
- The money goes in through a rights issue or further share issue, in one or more tranches.
- A new wholly owned financial services subsidiary gets up to Rs 15 crore initially.
- Meesho Payments reported Rs 11.05 crore turnover and a Rs 24.65 crore net loss in FY26.
- The board also approved up to Rs 18.74 crore in Retail Pulse Labs and up to $650,000 in Kirana Club.
Meesho plans to invest up to Rs 400 crore in Meesho Payments Private Limited, its wholly owned subsidiary. The company's board approved the investment, and a separate new wholly owned financial services subsidiary, in a stock exchange filing dated 28 October 2026.
The Rs 400 crore will go in through a rights issue or a further issue of shares, in one or more tranches, and Meesho will keep 100% ownership. The new subsidiary is meant to let Meesho handle lending in house, with an initial investment of up to Rs 15 crore. The board also approved investments in Retail Pulse Labs and Kirana Club.
Meesho's payments and lending approvals at a glance
| Detail | Meesho |
|---|---|
| Investment in Meesho Payments Private Limited | Up to Rs 400 crore |
| How it will be made | Rights issue or further issue of shares, in one or more tranches |
| Meesho's ownership after the investment | 100% |
| New subsidiary | Wholly owned financial services company, not yet incorporated |
| Initial investment in the new subsidiary | Up to Rs 15 crore |
| Investment in Retail Pulse Labs Private Limited | Up to Rs 18.74 crore |
| Investment in Kirana Club Pte. Ltd. (Singapore) | Up to $650,000 |
| Filing date | 28 October 2026 |
What Meesho Payments does today and what its books show
Meesho Payments Private Limited works as a lending service provider. Its business is lending related, and the investment is meant to support its operations and growth, improve efficiency and meet business and regulatory needs, according to the filing as reported.
The company's turnover rose from Rs 19.95 lakh in FY24 to Rs 2.36 crore in FY25 and Rs 11.05 crore in FY26. It reported a net loss of Rs 24.65 crore in FY26. The filing describes the investment as a related party transaction at arm's length.
| Period | Meesho Payments |
|---|---|
| FY24 turnover | Rs 19.95 lakh |
| FY25 turnover | Rs 2.36 crore |
| FY26 turnover | Rs 11.05 crore |
| FY26 net loss | Rs 24.65 crore |
Meesho's earlier Rs 100 crore into the same subsidiary
| When | What happened |
|---|---|
| 6 May 2026 | Meesho's board approved a further investment of up to Rs 100 crore in Meesho Payments |
| May 2026 | Meesho invested about Rs 100 crore in Meesho Payments through a rights issue of 30,58,103 shares |
| 28 October 2026 | Board approves up to Rs 400 crore more and a new financial services subsidiary |
What the filing says the new lending subsidiary is for
Meesho said the new wholly owned subsidiary is meant to build in-house underwriting, control product design, own borrower relationships and earn lending margins. It also said the unit would give Meesho access to institutional funding.
The new company has not been incorporated or named yet. Meesho has not said when it will begin operations or when the approved investments will be completed, and it said it will make a separate disclosure once the company is registered.
The Retail Pulse Labs and Kirana Club investments
Retail Pulse Labs connects small retailers with consumer goods companies and distributors, mainly in smaller towns and rural areas. Kirana Club Pte. Ltd. runs a digital platform for grocery retailers and is the parent of Retail Pulse Labs.
| Entity | FY26 figures |
|---|---|
| Retail Pulse Labs turnover | Rs 16.04 crore |
| Retail Pulse Labs net loss | Rs 1.60 crore |
| Kirana Club turnover | S$45,808 |
| Kirana Club net loss | S$837,754 |
Where Meesho's approvals stand after the board meeting
In rupee terms, the three approvals come to up to Rs 433.74 crore (Rs 400 crore, Rs 15 crore and Rs 18.74 crore), plus up to $650,000 for Kirana Club. Meesho has now put about Rs 100 crore into Meesho Payments in May 2026 and approved up to Rs 400 crore more. The company has not given a completion date for the investments.
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Frequently Asked Questions
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