E-commerce platform Meesho has announced its board's approval for a substantial investment of up to ₹100 crore in its payments subsidiary, Meesho Payments Private Limited (MPPL). This capital infusion is intended to support MPPL's operational growth and regulatory compliance.
The investment will be executed through share subscriptions, including a rights issue. Meesho, which holds a 99.99% stake in MPPL, plans to complete this transaction by July 30, 2026.
Investment Details
- Amount: Up to ₹100 crore
- Method: Subscription to shares, including rights issue
- Completion Date: On or before July 30, 2026
Meesho aims to bolster MPPL's capacity to meet regulatory demands and enhance its service offerings. The company stated that the funds will facilitate the expansion of MPPL's activities, improve operational efficiency, and align its services with market needs.
About Meesho Payments Private Limited
Incorporated in April 2019, MPPL functions as a Lending Service Provider (LSP). It collaborates with regulated financial institutions to provide credit to buyers and sellers on the Meesho platform.
Financial Performance
For the financial year ending March 31, 2026, MPPL reported a turnover of ₹11.04 crore, alongside a net loss of ₹24.71 crore.
This strategic investment underscores Meesho's commitment to strengthening its financial services and enhancing the overall user experience on its platform.
