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Info Edge (India) Ltd has approved a set of strategic transactions, including an investment of up to INR 250 crore in a deep-tech focused alternative investment fund (AIF) and its exit from Shopkirana E Trading Pvt Ltd through a share-swap deal.
According to a regulatory filing, the company has entered into a contribution agreement with A88 Fund I, a scheme launched by SEBI-registered A88 Trust. “Entering into a contribution agreement with A88 Fund I… to commit a contribution of up to INR 250 crore in aggregate, directly and/or through wholly-owned subsidiaries,” the filing said.
The fund will focus on early-stage deep-tech startups in India and aims to generate long-term returns. “The objectives of the Scheme… will be to generate long-term growth for the contributors and support the Indian entrepreneurial ecosystem by investing in early-stage deep tech companies,” the company added.
Info Edge’s wholly-owned subsidiary, Smartweb Internet Services Ltd, will act as the sponsor and investment manager for the fund, which is expected to have a lifecycle of 12–14 years.
In a separate move, Info Edge will exit Shopkirana through a share-swap agreement with Singapore-based Trustroot Internet Pvt Ltd (TIPL). Its subsidiary, Startup Investments (Holding) Limited (SIHL), will transfer its entire 26.14% stake in Shopkirana, valued at USD 32.97 million.
In return, SIHL will receive 1,04,868 preference shares in TIPL, translating to a 2.02% stake and will also invest an additional USD 1.72 million, taking its total holding to about 2.13% on a fully diluted basis.
“The transaction represents a portfolio swap,” the filing indicated, allowing Info Edge to retain indirect exposure to Shopkirana via Trustroot. The deal is expected to close by June 30, 2026, subject to approvals.
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