Info Edge Subsidiary Divests Shopkirana Stake for $33M

Info Edge (India) Ltd announced that its wholly-owned subsidiary, Startup Investments (Holding) Limited (SIHL), has transferred its entire stake in Shop Kirana E Trading Private Limited (Shopkirana) to Trustroot Internet Private Limited (TIPL). SIHL transferred 26.14% of Shopkirana for USD 32,970,499.20, receiving preference shares in TIPL. Additionally, SIHL invested approximately USD 1,724,169.60 in TIPL via primary infusion, subscribing to more preference shares. Consequently, Shopkirana no longer qualifies as an associate company of SIHL. The transactions were completed on June 30, 2026.