Investment12 Dec 2025, 02:39 pm
Info Edge (India) Ltd. Invests Rs. 120 Crores in Startup Internet Services Ltd. and Agrees to Transfer Shopkirana Stake to Hiveloop ECommerce Private Limited
AI Summary
The Board of Directors of Info Edge (India) Ltd., at their meeting held on December 12, 2025, took note of an investment of Rs. 120 Crores in Startup Internet Services Ltd. (SISL), a wholly owned subsidiary, and approved the transfer of the entire stake held in Shopkirana E Trading Private Limited to Hiveloop ECommerce Private Limited (HEPL). The investment in SISL is part of a larger approved amount of Rs. 300 Crores, with the remaining Rs. 180 Crores to be disbursed in one or more tranches based on future fund requirements. The transfer of Shopkirana stake is subject to completion of various conditions precedent, with discussions underway for TIPL to directly acquire the entire shareholding of SIHL in Shopkirana.
Key Highlights
- Info Edge (India) Ltd. invests Rs. 120 Crores in Startup Internet Services Ltd. (SISL)
- The Board approves the transfer of the entire stake held in Shopkirana E Trading Private Limited to Hiveloop ECommerce Private Limited (HEPL)
- The remaining Rs. 180 Crores of the approved investment amount for SISL will be disbursed in one or more tranches based on future fund requirements
- Discussions are underway for TIPL to directly acquire the entire shareholding of SIHL in Shopkirana
- The transaction is expected to be completed by March 31, 2026, or by such date as may be extended with mutual agreement