Info Edge to invest INR 1.2 bln in arm Startup Internet under INR 3 bln plan
This story was originally published at 21:24 IST on 12 December 2025
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NEW DELHI – Info Edge (India) Ltd. Friday said its board has approved an investment of INR 1.2 billion in wholly-owned subsidiary Startup Internet Services Ltd. as part of the original plan to invest INR 3.0 billion in the company. The remaining INR 1.8 billion will be infused in tranches, based on future needs.
In an exchange filing, Info Edge also disclosed a change in the original plan for the sale of stake held in Shopkirana E Trading Pvt. Ltd. The Jeevansathi.com-owner will transfer its entire stake in its associate company through its wholly-owned subsidiary Startup Investments (Holding) Ltd. to Trustroot Internet Pvt. Ltd., the parent entity of Udaan.
In July, it was agreed that Info Edge would transfer its 26.14% stake in Shopkirana to Hiveloop E-Commerce Pvt. Ltd., a subsidiary of Trustroot Internet. In return, Startup Investments was expected to get 16.87 million shares in Hiveloop E-Commerce, along with all benefits and economic rights of these shares.
To hasten completion of the deal, now Trustroot Internet, and not Hiveloop E-Commerce, will acquire the entire shareholding of Startup Investments in Shopkirana, Info Edge said. Trustroot Internet is expected to issue and allot Startup Investment some of its shares as consideration; however, the quantum was not disclosed. The deal is expected to be completed by Mar. 31, but the deadline may be extended by mutual agreement.
Info Edge had reported a net profit of INR 47.20 billion for the September quarter on a revenue of INR 7.46 billion. Friday, its shares closed 2.6% higher on the National Stock Exchange at INR 1,377.70. End
Reported by Anand JC
Edited by Rajeev Pai
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