Info Edge commits Rs 250 crore to deeptech fund; sells Shopkirana stake
Zomato’s early investor, Info Edge, has given the green light to a major new investment in a deeptech-focussed fund while also agreeing to sell its stake in a retail technology company, according to a regulatory filing.
The company said that its board meeting on March 27 approved a commitment of up to Rs 250 crore ($26.43 million) to A88 Fund I, a scheme launched by A88 Trust and registered with the Securities and Exchange Board of India (Sebi) as a Category II alternative investment fund (AIF).
