Parent equity subscription · Fintech
Startup Internet Services agrees INR200 million parent equity subscription
Info Edge will provide an initial equity injection under a broader, phased investment plan.
Info Edge has agreed to subscribe for INR200 million of newly issued shares in Startup Internet Services Limited. The initial allocation forms part of an approximately INR1 billion board-approved investment plan, with later tranches dependent on funding needs.
The wholly owned subsidiary will use the capital to explore investment opportunities, including alternative investment funds, and for general purposes.
Use of funds
Explore investment opportunities, including alternative investment funds
General corporate purposes
Funding history
Parent equity subscription · This round₹200M