Info Edge To Infuse INR 100 Cr In Investment Arm Redstart Labs

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SUMMARY

Info Edge’s board has approved an investment of INR 100 Cr in its wholly owned subsidiary, Redstart Labs to meet Redstart’s capital needs, fund potential investments and cover general purposes

Under the deal, Info Edge will take 100 Mn equity shares of Redstart at a face value of INR 10 each. The deal is expected to fructify within three months

For context, Redstart invests in startups across deeptech subsectors and SaaS. Its portfolio includes names like Unbox Robotics, BrainSight AI, Skylark Drones, ePlaneCo, CynLr, among…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Info Edge To Infuse INR 100 Cr In Investment Arm Redstart Labs


SUMMARY

Info Edge’s board has approved an investment of INR 100 Cr in its wholly owned subsidiary, Redstart Labs to meet Redstart’s capital needs, fund potential investments and cover general purposes

Under the deal, Info Edge will take 100 Mn equity shares of Redstart at a face value of INR 10 each. The deal is expected to fructify within three months

For context, Redstart invests in startups across deeptech subsectors and SaaS. Its portfolio includes names like Unbox Robotics, BrainSight AI, Skylark Drones, ePlaneCo, CynLr, among…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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