Info Edge to Invest Rs. 100 Crore in Subsidiary Redstart Labs
Filing Summary
Info Edge (India) Ltd.’s board has approved an investment of approximately Rs. 100 crore into its wholly-owned subsidiary, Redstart Labs (India) Limited. The transaction will be a cash consideration for 100,000,000 equity shares at a face value of Rs. 10 each. This investment is intended to meet Redstart’s capital requirements and explore new investment opportunities. Redstart, an internet company focused on tech investments, reported nil turnover for the past three fiscal years. The transaction is classified as a related-party transaction and is scheduled for completion within three months.
Info Edge (India) Ltd. has disclosed that its Board of Directors approved an investment in Redstart Labs (India) Limited, pursuant to Regulation 30 of the SEBI Listing Regulations. The total investment amount is approximately Rs. 100 Crores. Redstart Labs is a wholly-owned subsidiary of the company. The approval for the transaction was granted during the board meeting held on November 3, 2025.
The investment will be made through a cash consideration. Through this transaction, Info Edge will acquire 100,000,000 Equity Shares of Redstart Labs. The shares will be acquired at a face value of Rs. 10 each. The filing confirms that Info Edge already holds a 100% stake in Redstart on a fully converted and diluted basis, and Redstart will remain a wholly-owned subsidiary post-investment. The transaction is classified as a related-party transaction and is stated to be conducted on an Arm’s Length basis. The promoter and promoter group of Info Edge have no interest in this specific investment.
Redstart Labs operates as an Internet Company. The business of Redstart is defined as engaging in direct or indirect investments within technology-focused companies. Its operational activities also include providing a range of internet services. Further, the company is involved in software development, offering consultancy, and providing technical support to consumer-oriented companies. This support extends to internet or SAAS providers, along with other services related to information technology and product development.
The primary objective of the capital infusion is to support the financial needs of the subsidiary. The funds are designated to address ongoing capital requirements and to enable the exploration of new investment opportunities. The capital will also be utilized for other general corporate purposes within Redstart Labs. According to the filing, as of March 31, 2025, Redstart Labs reported a turnover of Nil. For the same period, its Profit After Tax (PAT) was Rs. 1.36 crores and its Networth stood at Rs. 16.18 crores. The subsidiary has reported nil turnover for the fiscal years 2024-25, 2023-24, and 2022-23.
The indicative time period for the completion of the acquisition is within three months from the date of the board’s approval. The filing states that no governmental or regulatory approvals are required for this transaction. Redstart Labs was incorporated on July 7, 2020, and has its presence in India.
Info Edge (India) Ltd. operates as an online classifieds company with business interests in recruitment, matrimony, real estate, and education. The company manages several digital platforms and has also made strategic investments in various technology startups. Its business model focuses on leveraging its internet-based portals to connect consumers and businesses across different sectors.