Investment27 Mar 2026, 02:00 pm
Info Edge (India) Ltd. Approves Rs. 250 Crore Investment in A88 Fund I and Transfers Shopkirana Stake to Trustroot Internet Private Limited
AI Summary
Info Edge (India) Ltd. has approved a contribution agreement with A88 Fund I, a scheme launched by A88 Trust, to commit up to Rs. 250 crore. The company will also transfer its entire stake held in Shopkirana E Trading Private Limited to Trustroot Internet Private Limited for a consideration of USD 32,970,499.20. Additionally, Info Edge (India) Ltd.'s subsidiary, Startup Investments (Holding) Limited, will invest about USD 1,724,169.60 in Trustroot Internet Private Limited by way of primary infusion.
Key Highlights
- Contribution agreement with A88 Fund I for up to Rs. 250 crore
- Transfer of entire stake in Shopkirana E Trading Private Limited to Trustroot Internet Private Limited
- Consideration of USD 32,970,499.20 for the transfer of Shopkirana stake
- Issuance and allotment of preference shares by Trustroot Internet Private Limited to Startup Investments (Holding) Limited
- Primary infusion of USD 1,724,169.60 by Startup Investments (Holding) Limited in Trustroot Internet Private Limited