Meesho infuses ₹400 Cr in payments arm
By Abha Lohia · Editor ·
Meesho: revenue and funding and every story →
- Meesho is an Indian e-commerce marketplace that has been widening into financial services
- It put ₹399.99 crore into its wholly owned unit Meesho Payments through a rights issue of shares, allotted on 2 November
- The unit, a lending service provider, lost ₹24.65 crore on ₹11.05 crore turnover in 2025-26
What happened
- Meesho invested ₹399.99 crore in Meesho Payments.
- It took 1.14 crore shares at a ₹349 premium.
- Shares were allotted on 2 November.
- The board had cleared up to ₹400 crore on 28 October.
- A new financial services subsidiary was also approved.
Why it matters
- Money will support operations, growth and regulatory needs.
- The unit made a ₹24.65 crore loss in 2025-26.
- Its turnover rose from ₹2.36 crore to ₹11.05 crore in a year.
The business
- Meesho Payments was set up in April 2019.
- It works as a lending service provider.
The founders
In numbers
₹24.65 CrMeesho Payments loss · 2025-26
The numbers around it
Commerce & Consumer Brands in November 2026: 7 rounds with a disclosed amount, $119 million in all; the biggest was GIVA ($100M+). Every sector this year →
Terms in this story
- Marketplace: A marketplace is a platform that connects buyers and sellers and earns a commission or fee on each transaction, without owning the goods or services. Its value rises as both sides join. The numbers to read are gross merchandise value (GMV), take rate, which is the share of GMV the platform keeps, and repeat usage.
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