InfoEdge Updates Investment Plans and Restructures Shopkirana Stake Transfer Deal

Info Edge has provided significant updates on its investment activities and the restructuring of its Shopkirana stake transfer deal. The company's board meeting held on December 12, 2025, addressed key developments in both its subsidiary investments and the previously announced divestment plans.

Investment Update in Startup Internet Services Limited

The company has made substantial progress on its investment commitment in Startup Internet Services Ltd. (SISL), its wholly-owned subsidiary. Following the board's earlier approval in May 2025 for an investment not exceeding ₹300 crores, Info Edge has now deployed ₹120 crores based on drawdown requests received from the Alternative Investment Fund (AIF).

Investment Parameter:	Details
Total Approved Amount:	₹300 crores
Amount Invested:	₹120 crores
Remaining Amount:	₹180 crores
Disbursement Timeline:	Within next six months

The remaining ₹180 crores will be disbursed in one or more tranches based on future fund requirements of SISL, maintaining alignment with the objectives outlined in the original May 2025 intimation.

Shopkirana Deal Restructuring

A significant development has emerged regarding the previously announced transfer of Info Edge's entire stake in Shopkirana E Trading Private Limited. The original agreement, approved in July 2025, involved transferring the company's 60,673 shares (26.14% on fully converted and diluted basis) to HiveLoop E Commerce Private Limited (HEPL) for approximately $23.13 million.

However, certain condition precedents have taken longer than anticipated, prompting a strategic restructuring of the transaction. The new arrangement involves:

Transaction Update:	Details
Original Acquirer:	HiveLoop E Commerce (HEPL)
New Direct Acquirer:	Trustroot Internet Private Limited (TIPL)
Stake Being Transferred:	60,673 shares (26.14%)
Expected Completion:	March 31, 2026

Modified Transaction Structure

Under the restructured arrangement, TIPL will directly acquire the entire shareholding of Startup Investments (Holding) Limited (SIHL) in Shopkirana, instead of the previous indirect acquisition through HEPL. In consideration, TIPL will issue and allot certain shares directly to SIHL.

This modification aims to consummate the transaction in a more timely manner, addressing the delays encountered with the original structure. The company expects to provide detailed disclosure in terms of listing regulations upon finalization of negotiations and discussions on the definitive agreements.

Strategic Implications

These developments reflect Info Edge's continued focus on optimizing its investment portfolio and subsidiary operations. The steady deployment of funds in SISL demonstrates the company's commitment to its approved investment strategy, while the restructuring of the Shopkirana deal shows adaptability in executing complex transactions.

The extended timeline for the Shopkirana transaction completion, now pushed to March 2026, provides additional flexibility for both parties to finalize the definitive agreements and meet all necessary conditions precedent.

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Info Edge (India) Limited, a prominent player in the Indian tech industry, has announced a significant move to bolster its startup investment portfolio. The company has decided to invest approximately Rs 25 crore in its wholly-owned subsidiary, Startup Investments (Holding) Limited (SIHL).

Investment Details

The investment decision was made during a meeting of Info Edge's Committee of Executive Directors on July 15, 2025. The company plans to acquire 1,041,666 Compulsorily Convertible Debentures (CCDs) of SIHL at an issue price of Rs 240.00 each, including a premium of Rs 140.00 per CCD.

About Startup Investments (Holding) Limited

SIHL, incorporated on March 4, 2015, is primarily engaged in direct or indirect investments in tech companies and related activities, including investments in Alternative Investment Funds (AIFs). Despite showing no turnover in the past three financial years, SIHL reported a Profit After Tax (PAT) of Rs 0.86 crore for the financial year ending March 31, 2025.

Objectives of the Investment

Info Edge stated that this investment would help SIHL explore new investment opportunities, including contributions to AIFs and other general purposes. This move underscores the company's commitment to supporting and expanding its startup portfolio, potentially fostering innovation in the tech sector.

Transaction Details

Aspect	Detail
Transaction type	Related party transaction
Relationship	SIHL is a wholly-owned subsidiary of Info Edge
Basis	Arm's length
Expected completion	Within 30 days from approval date

Market Implications

This strategic investment by Info Edge demonstrates the company's continued focus on nurturing and developing its startup ecosystem. By channeling funds into SIHL, Info Edge is positioning itself to capitalize on emerging opportunities in the tech startup space, which could potentially drive long-term growth and value creation for the company.

As the Indian startup ecosystem continues to evolve, Info Edge's move to strengthen its investment arm could be seen as a proactive step to maintain its competitive edge in identifying and supporting promising tech ventures.

Investors and market observers will likely keep a close eye on how this investment translates into tangible returns and strategic advantages for Info Edge in the coming years.