Info Edge shares in focus as AI portfolio doubles to Rs 1,268 crore; total holdings at Rs 41,300 crore
According to a shareholder letter released by the company on June 22, the portfolio has generated a 2.1x multiple and an estimated gross internal rate of return (IRR) of 31%.
The company said AI, deeptech and consumer technology are emerging as the primary engines of value creation within its startup investment portfolio.
Since 2020, Info Edge has invested Rs 614 crore in 28 AI startups. The portfolio’s current valuation of Rs 1,268 crore reflects strong investor interest in the sector. Fifteen of these companies have secured externally led follow-on funding rounds from investors such as Insight Partners, Peak XV, SIG and Vertex.
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Across all categories, Info Edge’s startup investment portfolio is now valued at nearly Rs 41,300 crore against cumulative investments of around Rs 4,900 crore in 135 startups. This translates into an 8.4x multiple and an estimated gross IRR of about 33%.The company said it has deployed over Rs 1,003 crore across 54 AI and deeptech startups since 2020. Of the total Rs 4,900 crore invested across startups, approximately Rs 3,600 crore has been contributed by Info Edge and its group companies, while nearly Rs 1,300 crore has come from external limited partners through alternative investment funds managed by the company. According to the shareholder letter, these managed AIFs have delivered a combined gross IRR of around 22%.
Consumer technology continues to account for the largest share of the portfolio. Info Edge has invested Rs 2,755 crore across 45 consumer-tech and consumer-AI companies, with the portfolio now valued at Rs 37,214 crore. This works out to a 13.5x multiple and an estimated gross IRR of roughly 34%.
Also read: Info Edge says it invested Rs 1,003 crore on AI, deeptech startups since 2020
The consumer-tech portfolio includes businesses operating in quick commerce, food delivery, insurance aggregation, travel, healthcare, fintech, gaming and education. The company said a significant portion of the value creation has come from listed investments such as Eternal, which houses Zomato and Blinkit, and PB Fintech.
Info Edge’s deeptech portfolio consists of 30 companies where it has invested Rs 455 crore. The portfolio is currently valued at Rs 559 crore, implying a 1.2x multiple and an estimated gross IRR of around 15%.
The company noted that the deeptech portfolio remains relatively young, with most investments made during the intellectual property creation and research and development phase.
Among the portfolio companies, electric air mobility startup ePlane secured Rs 285 crore under the government’s Research, Development and Innovation (RDI) scheme, the highest allocation among 22 approved proposals. Spacetech company Manastu Space received Rs 115 crore under the same initiative.
Info Edge shares have corrected 27% since the beginning of the year.
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