Meesho to invest Rs 400 crore in payments arm, set up lending unit
Meesho's board approved a Rs 400 crore investment in Meesho Payments Private Limited and the creation of a wholly owned financial services subsidiary with an initial Rs 15 crore. The company also cleared investments in Retail Pulse Labs and Kirana Club.
Key points
- Rs 400 crore investment in payments subsidiary
- New lending unit to handle internal loan approvals and products
- Investments made in Retail Pulse Labs and Kirana Club
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