Info Edge Invests ₹250 Cr in Deep Tech Fund, Sells Shopkirana Stake for USD 33M

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AuthorVihaan Mehta|Published at:
Info Edge Invests ₹250 Cr in Deep Tech Fund, Sells Shopkirana Stake for USD 33M
Overview

Info Edge's Board approved a significant strategic move, committing up to ₹250 crore to the A88 Fund I, a scheme by A88 Trust for early-stage deep tech companies. Concurrently, the company is divesting its entire 26.14% stake in Shopkirana E Trading Private Limited to Trustroot Internet Private Limited (TIPL) for approximately USD 32.97 million. Info Edge's subsidiary, SIHL, will gain a stake in TIPL, an investment holding and SaaS solutions company.

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Info Edge's Strategic Reshuffle: ₹250 Cr Fund Investment and Shopkirana Stake Sale

Info Edge's Board of Directors approved a significant two-pronged strategic move on March 27, 2026, committing up to ₹250 crore to an early-stage deep tech fund while divesting its entire stake in Shopkirana E Trading Private Limited.

The company will contribute to A88 Fund I, a scheme by A88 Trust focused on Indian early-stage deep tech companies. This investment aims to diversify Info Edge's portfolio into innovative sectors with high growth potential.

In parallel, Info Edge is divesting its 26.14% holding in Shopkirana E Trading Private Limited to Trustroot Internet Private Limited (TIPL) for approximately USD 32.97 million. As part of this divestment, Info Edge's subsidiary, SIHL, will gain a stake in TIPL, an investment holding and SaaS solutions company. SIHL will receive preference shares equivalent to a 2.021% stake in TIPL and will also invest an additional USD 1.72 million for a further 0.105% ownership.

This divestment from Shopkirana represents a strategic exit to monetize a past investment, freeing up capital. The move into TIPL aligns with Info Edge's strategy of medium to long-term value creation.

Info Edge has a history of a hybrid investment approach, backing startups through its balance sheet and venture capital arm, with notable past investments including Zomato and Policybazaar. The Shopkirana divestment follows a revision in earlier deal structures. Previous capital infusions into Info Edge's investment arm, SIHL, such as ₹25 crore in July 2025 and ₹70 crore in November 2025, underscore a consistent funding strategy for its ventures.

The completion of these transactions is contingent upon several conditions precedent, including obtaining clearance from an authorized dealer bank and the final execution of definitive agreements. Currency fluctuations will also affect the final value of the USD-denominated transactions.

Shopkirana reported a Total Income of ₹471.26 crore for the fiscal year ending March 31, 2025, with a Networth of ₹22.56 crore. In comparison, Trustroot Internet Private Limited (TIPL) reported a Turnover of ₹4,561.4 crore for the same period, though it incurred a Net Loss of (₹1,055.4) crore.

Info Edge operates as a digital classifieds company with significant venture investment arms, holding a unique market position. While direct listed peers with identical structures are rare, its investment activities place it in a similar strategic space as major venture capital firms.

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