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Meesho board approves up to Rs 100 crore infusion into payments arm MPPL
Startups
Published on 6 May 2026
A rights issue plan could reshape Meesho Payments growth
Meesho’s board has approved an investment of up to Rs 100 crore into its payments subsidiary, Meesho Payments Private Limited (MPPL). The capital will flow via share subscriptions, including a rights issue, to strengthen MPPL’s operations and growth. Meesho says the move will also improve MPPL’s ability to meet regulatory requirements and expand its payment services.
- Meesho approved up to Rs 100 crore for MPPL
- Funding will come through share subscriptions including a rights issue
- Capital aims to boost MPPL operations and growth
- The plan is designed to help meet regulatory demands
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times