Investment3 Nov 2025, 05:27 pm
Info Edge (India) Ltd. to Invest Rs. 100 Crores in Wholly Owned Subsidiary Redstart Labs (India) Limited
AI Summary
Info Edge (India) Ltd. has agreed to invest approximately Rs. 100 Crores in its wholly owned subsidiary, Redstart Labs (India) Limited. The investment is aimed at meeting the subsidiary's capital requirements and exploring investment opportunities. Redstart is engaged in the business of direct or indirect investments in tech companies and providing various Internet services. The transaction is expected to be completed within three months and will be done at an arm's length basis. Redstart, incorporated in July 2020, has reported a steady increase in its turnover over the last three years.
Key Highlights
- Info Edge (India) Ltd. to invest approximately Rs. 100 Crores in Redstart Labs (India) Limited.
- The investment is aimed at meeting the subsidiary's capital requirements and exploring investment opportunities.
- Redstart is engaged in the business of direct or indirect investments in tech companies and providing various Internet services.
- The transaction is expected to be completed within three months and will be done at an arm's length basis.
- Redstart, incorporated in July 2020, has reported a steady increase in its turnover over the last three years.