Noida-based Info Edge Ltd announced on November 3 that its board has approved an investment of INR 100 crore in its wholly owned subsidiary, Redstart Labs. The company will buy 10 crore equity shares at a face value of ₹10 each, according to its official filing.
Redstart Labs, which is already fully owned by Info Edge, reported a profit after tax (PAT) of ₹1.36 crore and has a net worth of ₹16.18 crore.
The deal is expected to be completed within three months. Since Info Edge already owns 100% of Redstart Labs, it will remain a wholly owned subsidiary even after the investment.
Redstart Labs invests in startups in the deeptech and SaaS sectors. Its portfolio includes Unbox Robotics, BrainSight AI, Skylark Drones, ePlaneCo, and CynLr, among a total of 10 companies.
Over the years, Info Edge has earned a strong reputation as an early investor in some of India’s leading tech startups, such as Zomato and Policybazaar.
Founded in 2020, Redstart Labs was created to find and support new-age tech startups that are building innovative, science- and technology-driven solutions. This latest move supports Info Edge’s long-term strategy of investing in early-stage tech and AI companies, with Redstart Labs serving as one of its main investment arms alongside Info Edge Ventures.
The company has been actively investing in AI-focused startups like Pascal AI Labs, a fintech SaaS company that automates investment research workflows, and Zwayam Digital, which uses AI to improve recruitment processes.
Another portfolio company, Attentive.ai, has also attracted strong follow-on investments from leading venture capital firms, showing confidence in its growth and technology.
Earlier this year, Info Edge launched a ₹1,000 crore venture fund to support startups in AI, SaaS, and deeptech. The fund will be managed through Redstart Labs and other investment platforms.
The new ₹100 crore investment in Redstart will increase its ability to invest, helping the company back more startups in India’s growing AI and technology sector.
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