NewsOrders & DealsInfo Edge Invests ₹120 Crores in Startup Internet Services, Transfers Shopkirana Stake to HiveloopInfo Edge Invests ₹120 Crores in Startup Internet Services, Transfers Shopkirana Stake to Hiveloop
Info Edge (India) has announced two strategic decisions: a ₹120 crore investment in Startup Internet Services Ltd and an agreement to transfer its stake in Shopkirana to Hiveloop E-Commerce Private Limited. The Shopkirana stake transfer is expected to be completed by March 31, 2026. These moves indicate Info Edge's active portfolio management strategy, balancing new investments in the internet services sector with divestments of existing holdings.
*this image is generated using AI for illustrative purposes only.
Info Edge (India) has announced two major strategic decisions following its recent board meeting, involving significant investment and divestment activities that will reshape its business portfolio.
Major Investment in Startup Internet Services
The company has committed to investing ₹120.00 crores in Startup Internet Services Ltd, representing a substantial capital deployment in the startup ecosystem. This investment demonstrates Info Edge's continued focus on expanding its presence in the internet services sector.
| Investment Details | Specifications |
|---|---|
| Investment Amount: | ₹120.00 crores |
| Target Company: | Startup Internet Services Ltd |
| Investment Type: | Strategic investment |
Shopkirana Stake Transfer Agreement
Simultaneously, Info Edge has entered into an agreement to transfer its stake in Shopkirana to Hiveloop E-Commerce Private Limited. This strategic divestment appears to be part of the company's portfolio optimization efforts.
| Transaction Details | Information |
|---|---|
| Asset: | Stake in Shopkirana |
| Acquiring Entity: | Hiveloop E-Commerce Private Limited |
| Expected Completion: | March 31, 2026 |
| Transaction Type: | Stake transfer |
Strategic Portfolio Restructuring
These decisions reflect Info Edge's strategic approach to portfolio management, combining new investments in promising internet services ventures while divesting from existing holdings. The ₹120.00 crore investment in Startup Internet Services Ltd indicates the company's confidence in the growth potential of the internet services sector.
The timeline for the Shopkirana stake transfer extends to March 31, 2026, providing a structured approach to the divestment process. This extended timeline may allow for proper transition and value optimization for all parties involved in the transaction.
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