Info Edge Deeptech Fund
Info Edge (Naukri parent) has committed ₹250 Cr ($26.5 Mn) to A88 Fund I, managed by A88 Trust, to support early-stage deeptech startups in India. A88 Fund I, registered with SEBI as a Category II Alternative Investment Fund, will be sponsored by Info Edge’s subsidiary, Smartweb.
The fund aims to generate long-term growth for contributors and bolster the Indian entrepreneurial ecosystem by investing in early-stage deep tech companies, primarily those focused on India.
Separately, Info Edge is transferring its 26.14% stake in Shopkirana E Trading Pvt Ltd to Udaan for $32.97 Mn through Startup Investments (Holding) Limited (SIHL). Udaan’s acquisition of the retail tech startup, announced in July 2025, aims to deepen its focus on profitability.
This marks Info Edge’s second investment commitment this week, following an approved investment of ₹15 Cr in SIHL. In November 2025, the company also approved ₹100 Cr for Redstart Labs, its investment arm focusing on deeptech and SaaS startups.
Info Edge’s increased interest aligns with the growing trend of deeptech investments in India. In 2025, approximately 21% of newly launched funds focused on backing deeptech startups.
Celesta Capital plans to launch an India-focused deeptech fund with a target corpus of ₹2,000 Cr. Additionally, Unicorn India Ventures partnered with IIT Madras Research Park to launch a ₹600 Cr deeptech-focused fund to support at least 25 deeptech startups.
Info Edge’s shares closed 0.61% lower at ₹991.65 in today’s trading session.
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