Letter to shareholders

Info Edge has provided an update to shareholders on its startup investment portfolio, focusing on AI, Deeptech, and Consumer Technology. The company has invested INR 1,003 Cr in 54 AI and Deeptech startups since 2020, with the AI portfolio now valued at INR 1,268 Cr (2.1x multiple, ~31% gross IRR) and the Deeptech portfolio at INR 559 Cr (1.2x multiple, ~15% gross IRR). Consumer tech remains the largest segment, with INR 2,755 Cr invested in 45 startups, now valued at INR 37,214 Cr (13.5x multiple, ~34% gross IRR). Overall, INR ~4,900 Cr invested in 135 startups is now valued at INR ~41,300 Cr, yielding an 8.4x multiple and ~33% gross IRR, showcasing strong returns on its venture investments. The company highlighted its strategy of early investment in Indian founders and future value creation themes.