Investment2 Feb 2026, 05:01 pm
Info Edge Invests Rs. 66 Crores in Subsidiary Redstart Labs
AI Summary
Info Edge (India) Ltd has invested Rs. 66 Crores in Redstart Labs (India) Limited, a wholly owned subsidiary. This investment is part of the Rs. 100 Crores approved by the Board of Directors in November 2025. The remaining Rs. 34 Crores will be disbursed in one or more tranches based on Redstart's future fund requirements. The acquisition is expected to be completed within the next six months, based on Redstart's drawdown requests.
Key Highlights
- Info Edge has invested Rs. 66 Crores in its subsidiary, Redstart Labs
- The investment is part of a larger Rs. 100 Crores approved by the Board of Directors
- The remaining Rs. 34 Crores will be disbursed in tranches based on Redstart's future fund requirements
- The acquisition is expected to be completed within the next six months
- The acquisition timeline is based on Redstart's drawdown requests