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Info Edge confirms Gramophone–Unnati merger, to hold 20% stake

EntrackrEntrackr · 2m ago
Info Edge confirms Gramophone–Unnati merger, to hold 20% stake
Medial

Info Edge (India) Ltd has formally confirmed the long-rumoured share swap between its agritech portfolio company Gramophone and Unnati Agri, validating Entrackr’s earlier report on the proposed consolidation in the digital agri-input space. In a stock exchange disclosure on Saturday, Info Edge said its wholly owned subsidiary Startup Investments (Holding) Ltd (SIHL) has agreed to transfer its entire stake in Agstack Technologies Pvt Ltd (Gramophone) to Akshamaala Solutions Pvt Ltd (Unnati) as part of a share swap arrangement. The transaction is structured as a merger-led consolidation rather than an outright cash acquisition. Under the approved structure, SIHL will transfer 339,305 shares, a 50.94% stake in Gramophone on a fully diluted basis, to Unnati at a valuation of Rs 2,702.87 per share, for a consideration of Rs 91.7 crore. In return, Unnati will issue 49,145 preference shares, giving SIHL a 15.75% stake in Unnati on a fully diluted basis. In addition to the share swap, Info Edge will invest Rs 35 crore as a primary infusion in Unnati by subscribing to 18,756 preference shares, which will raise its aggregate shareholding in Unnati to 20.53%. This stake is expected to dilute to 18.48% once all Gramophone shareholders receive Unnati shares pursuant to the merger. The transaction is expected to close within 90 days, subject to completion of definitive agreements and customary conditions. The deal aims to combine Unnati’s B2B agri-input distribution and financing network with Gramophone’s farmer-facing advisory and commerce platform, one of the most significant consolidation moves in India’s agritech sector in recent years. Unnati recorded revenue of Rs 291 crore in FY25 with a loss of Rs 18.4 crore in the same period.

Info Edge launches Rs 250 Cr growth-stage investment fund

EntrackrEntrackr · 11d ago
Info Edge launches Rs 250 Cr growth-stage investment fund
Medial

Info Edge has launched a new growth-stage investment fund with a capital commitment of Rs 250 crore, marking its first dedicated vehicle for later-stage companies. The new vehicle, called B8 Fund-I, may also raise capital from external sponsors, taking the total corpus beyond the initial Rs 250 crore. Info Edge already operates four early-stage investment platforms. These include Info Edge Ventures, which has raised Rs 2,300 crore across three funds; Capital 2B with a Rs 280-crore corpus; Redstart Labs, focused on AI-led startups; and direct investments from its balance sheet. Through its venture vehicles, Info Edge has backed several startups at early stages, including Gnani AI, Ixigo, Shiprocket, Zingbus, and Truemeds. Through its balance sheet, the company has invested in firms such as Zomato and Policybazaar in their early years. The new Rs 250-crore fund will focus on backing growth-stage, tech-enabled companies in India or those primarily focused on India, the company said in a regulatory filing. Registered with Sebi as a Category II alternative investment fund, the vehicle will have a tenure of eight years from its first closing. In May last year, Info Edge said its shareholders had approved a plan to invest up to Rs 1,000 crore in Info Edge Ventures' third fund as part of its strategy to institutionalize its startup investing platform. The Info Edge Ventures funds are managed in a 50:50 partnership with Singapore’s sovereign wealth fund Temasek. For the quarter ended December 31, Info Edge’s operating revenue rose to Rs 819 crore, while net profit increased 10% year-on-year to Rs 317 crore from Rs 288 crore.

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