Startup Investments (Holding) agrees INR250 million parent subscription
Info Edge will provide an initial equity injection under a broader, phased investment plan.
Info Edge has agreed to subscribe for approximately INR250 million of shares in Startup Investments (Holding) Limited. Further funding under an approximately INR1 billion board-approved plan will depend on the subsidiary’s requirements.
The Indian subsidiary invests in technology companies and alternative investment funds. It will remain wholly owned by the Info Edge group after the subscription.
Use of funds
Explore investment opportunities, including alternative investment funds
General corporate purposes