Meesho to infuse up to Rs 100 crore in lending arm MPPL

New Delhi, May 6 (PTI) E-commerce firm Meesho on Wednesday said its board has approved an investment of up to Rs 100 crore in its subsidiary Meesho Payments Private Limited (MPPL).

The investment is expected to be made by way of subscribing to MPPL shares, including through a rights issue.

Meesho would invest up to Rs 100 crore, “by way of subscribing to the rights issue/further issue of capital, in one or more tranches, for such number of additional shares and at such price as may be offered by MPPL,” the filing said.

Meesho holds a 99.99 per cent stake in its lending arm MPPL.

The proposed transaction is expected to be completed on or before July 30, 2026.

The company said the fund infusion is intended to support the overall business operations

and growth of MPPL, enabling it to scale its operations and effectively meet regulatory requirements.

“The infusion of funds is expected to facilitate expansion of MPPL’s activities, improve operational efficiency, and support the development of its offerings in line with the evolving needs of the business and the market needs,” Meesho said.

Incorporated in April 2019, MPPL operates as a Lending Service Provider (LSP). The entity partners with various regulated financial institutions to facilitate credit to buyers and sellers registered on the Meesho platform.

For the financial year ended March 31, 2026, the payments subsidiary reported a turnover of Rs 11.04 crore and a net loss of Rs 24.71 crore. PTI ANK SHM BAL