Info Edge (India) Ltd has approved an investment of approximately ₹40 crore in its wholly-owned subsidiary, Startup Investments (Holding) Limited (SIHL). The capital infusion, approved by the Committee of Executive Directors on June 24, 2026, aims to strengthen SIHL's capacity to explore investment opportunities in technology companies and contribute to Alternative Investment Funds (AIFs). The transaction is expected to be completed within 30 days from the approval date.

Investment Details

The investment will be made through the acquisition of Compulsorily Convertible Debentures (CCDs). The transaction is classified as a related party transaction under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as SIHL is a wholly-owned subsidiary. It has been conducted on an arm's length basis, with no interest from the promoter or promoter group companies.

Subsidiary Financials and Background

Startup Investments (Holding) Limited, incorporated on March 4, 2015, operates primarily in India with a focus on direct or indirect investments in technology firms. As of March 31, 2025, the subsidiary reported a net worth of ₹203.31 crore and a loss after tax of ₹0.2 crore. The entity has recorded nil turnover over the last three financial years, including the periods 2023-24, 2024-25, and 2025-26.

Info Edge has reported a total investment of ₹4,900 Cr across 135 startups, with the portfolio valued at ₹41,300 Cr as of March 31, 2026. This represents a gross multiple of invested capital (MOIC) of 8.4x and a gross Internal Rate of Return (IRR) of approximately 33%. The company provided this update in a letter to shareholders, detailing its strategic focus on Artificial Intelligence (AI), deeptech, and consumer technology sectors.

The company has invested ₹3,600 Cr through its balance sheet and group companies, while external Limited Partners (LPs) contributed ₹1,300 Cr to the Alternative Investment Funds (AIFs) managed by Info Edge. The combined gross IRR of the AIFs stands at approximately 22%. The investment strategy emphasizes identifying exceptional founders early and investing before consensus forms, with a preference for companies domiciled in India and with Indian founders.

AI and Deeptech Performance

In the AI and deeptech sectors, Info Edge has deployed ₹1,003 Cr across 54 companies since 2020. The AI portfolio, comprising 28 companies with an investment of ₹614 Cr, is currently valued at ₹1,268 Cr, reflecting a 2.1x multiple and a gross IRR of ~31%. The deeptech portfolio includes 30 companies with an investment of ₹455 Cr, valued at ₹559 Cr, implying a 1.2x multiple and a gross IRR of ~15%.

Several portfolio companies have secured government backing under flagship programmes such as the IndiaAI Mission and the Research, Development, and Innovation (RDI) scheme. Notably, Gnani.ai received ₹177 Cr in government GPU compute credits, while ePlane and Manastu Space secured RDI allocations of ₹285 Cr and ₹115 Cr, respectively.

Consumer Technology Dominance

Consumer technology remains the largest segment of the portfolio, with ₹2,755 Cr invested across 45 startups. This segment is valued at ₹37,214 Cr, a 13.5x multiple with a gross IRR of ~34%. The portfolio includes listed entities such as Eternal (Zomato and Blinkit) and PB Fintech, which are significant drivers of value. A growing number of companies in this segment are AI-native or AI-enabled, aligning with the company's view that AI will reshape consumer discovery and transactions.

Portfolio Overview

The company noted that these figures are based on fair market values derived from independent valuation exercises as of March 31, 2026. Info Edge continues to view AI, deeptech, and consumer technology as the primary themes for future value creation, anticipating that India will produce globally relevant technology companies in the coming decade.