Info Edge Invests Rs. 75 Crores in Subsidiaries for Strategic Growth
Filing Summary
Info Edge (India) Ltd has announced an investment of Rs. 75 Crores in its wholly-owned subsidiaries, Smartweb Internet Services Limited and Startup Investments (Holding) Limited. The company will invest Rs. 5 Crores in Smartweb and Rs. 70 Crores in Startup Investments. These investments are structured as cash considerations and are expected to be completed within 30 days. Both subsidiaries are engaged in internet services and tech investments, respectively. The transactions are conducted on an arm’s length basis, with no promoter interest involved.
Info Edge (India) Ltd has disclosed its decision to invest a total of Rs. 75 Crores in its wholly-owned subsidiaries. The investment includes Rs. 5 Crores allocated to Smartweb Internet Services Limited and Rs. 70 Crores to Startup Investments (Holding) Limited. This decision was made during a meeting of the Committee of Executive Directors on November 26, 2025. The investments are structured as cash considerations and are expected to be completed within 30 days from the date of approval.
The financial terms of the investment in Smartweb involve the acquisition of 5,00,000 Compulsorily Convertible Debentures (CCDs) with a face value of Rs. 100 each. For Startup Investments, Info Edge will acquire 2,916,666 CCDs at an issue price of Rs. 240 each, which includes a premium of Rs. 140 per CCD. Both subsidiaries remain wholly-owned by Info Edge post-investment. The transactions are conducted on an arm’s length basis, with no interest from the promoter group.
Smartweb Internet Services Limited is engaged in providing internet services and acts as an investment advisor, financial consultant, and management consultant. It also sponsors alternative investment funds. As of March 31, 2025, Smartweb reported a turnover of Rs. 41 Crores, a profit after tax of Rs. 5 Crores, and a net worth of Rs. 61 Crores. Startup Investments focuses on direct or indirect investments in tech companies and related activities, including investments in alternative investment funds. It reported a net worth of negative Rs. 210 Crores as of the same date.
The completion of these investments is anticipated within 30 days from the approval date. The transactions do not require any governmental or regulatory approvals. The investments are aimed at supporting the subsidiaries’ financial requirements and exploring further investment opportunities.
Info Edge holds a 100% stake in both Smartweb and Startup Investments, either directly or through its other wholly-owned subsidiaries. These transactions fall under related party transactions as per the Companies Act, 2013, but are conducted at arm’s length with no promoter group interest.
Smartweb was incorporated on September 23, 2015, and operates within India. Its turnover for the last three financial years has been Rs. 41 Crores, Rs. 35 Crores, and Rs. 44 Crores, respectively. Startup Investments, incorporated on March 4, 2015, also operates in India and has reported no turnover for the past three years.
Info Edge (India) Ltd is a leading player in the Indian internet services sector, known for its online platforms such as Naukri.com. The company focuses on strategic investments to enhance its portfolio and expand its market presence in technology and internet services.