Bengaluru : JSA Advocates & Solicitors (JSA) represented Meesho Limited (“Meesho”) as the buy-side counsel relating to the acquisition of up to 100% of the shareholding of Kirana Club Pte Ltd (together with the indirect acquisition of its Indian subsidiary, Retail Pulse Labs Private Limited) from the Promoters and other selling shareholders.
Meesho is India’s largest e-commerce platform by annual transacting users and orders.
Kirana Club houses India’s largest digital communities of kirana owners, with over 4.1 million registered retailers. Its mobile-first platform enables retailers to discover, compare and order FMCG and grocery products directly from brands, through a marketplace purpose-built for underserved markets across India.
The JSA team consisted of Archana Tewary, Lead Partner; Nandini Menon, Senior Associate; Naveen Kumar, Associate and Sanchari Sengupta, Junior Associate.
The JSA team assisted Meesho in all aspects of the transaction, including conducting due diligence on Retail Pulse Labs Private Limited as well as structuring, negotiating and finalising the definitive documents and pre-closing actions. The acquisition is expected to be completed in three tranches subject to satisfaction of the conditions precedent and other terms and conditions set out in the SPA.
