Info Edge, a prominent player in the tech investment landscape, has recently approved a series of strategic transactions that highlight its focus on technology-driven investments. The core of these moves involves a swap deal where Info Edge will transfer its stake in Shopkirana E Trading Pvt Ltd to Trustroot Internet, a Singapore-based entity, in exchange for a stake in Trustroot and a fresh commitment to a new alternative investment fund.
The swap deal will see Info Edge exiting Shopkirana directly while maintaining an indirect exposure through Trustroot. Shopkirana, a company with significant revenue, will no longer be an associate post-transaction, contrasting with Trustroot’s operations as an investment holding and SaaS platform.
Additionally, Info Edge’s commitment of up to Rs 250 crore to A88 Fund I, managed by Smartweb Internet Services, underscores its support for early-stage deeptech startups in India. This move aligns with the company’s strategy to diversify its investment portfolio and tap into emerging tech opportunities within the Indian startup ecosystem.
Source: Entrackr : Latest Posts