Info Edge (India) Ltd (“Company”) has invested an amount of Rs. 20 Crores in Redstart Labs (India) Ltd., wholly owned subsidiary of the Company.
The Company already holds 100% stake in Redstart on a fully converted and diluted basis. Redstart is engaged in the business of providing all types of Internet services, development of software, consultancy, technical support for consumer companies, internet or SAAS providers, and any other services in the area of information technology and product development. This investment is to further strengthen Redstart financially enabling it to explore investment opportunities. Redstart was incorporated in July 2020 and reported nil turnover for FY22.
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