Info Edge's AI startup portfolio doubles to ₹1,268 cr; overall portfolio tops ₹41,300 cr
Info Edge said its startup investment portfolio is now valued at nearly ₹41,300 crore against a cumulative investment of around ₹4,900 crore across 135 startups, translating into an 8.4x multiple and an estimated gross IRR of about 33%.
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Info Edge (India) Ltd said its artificial intelligence startup portfolio has grown to ₹1,268 crore from investments of ₹614 crore across 28 companies, delivering a 2.1x multiple and an estimated gross internal rate of return (IRR) of 31%.
In a letter to shareholders released on Monday, June 22, the company identified AI, deeptech and consumer technology as the key drivers of future value creation across its startup portfolio.
Info Edge said it has invested ₹614 crore across 28 AI startups since 2020. The portfolio is now valued at ₹1,268 crore, implying a 2.1x multiple and an estimated gross IRR of about 31%.
Fifteen of the 28 companies have raised externally led follow-on funding rounds from investors, including Insight Partners, Peak XV, SIG and Vertex.
The company said several AI portfolio firms are contributing to India's technology initiatives. Voice AI startup Gnani.ai was selected under the IndiaAI Mission and received government GPU compute credits worth ₹177 crore to help build sovereign voice AI foundation models.
Also read: Delhivery shares close in on IPO price yet again after Motilal Oswal projects 26% upsideOverall startup investment portfolio at ₹41,300
Info Edge said its startup investment portfolio is now valued at nearly ₹41,300 crore against a cumulative investment of around ₹4,900 crore across 135 startups, translating into an 8.4x multiple and an estimated gross IRR of about 33%.
Overall, Info Edge said it has invested more than ₹1,003 crore across 54 AI and deeptech companies since 2020, covering areas such as enterprise AI, robotics, semiconductors, spacetech, biotech and electric mobility. Together, the AI and deeptech portfolios are valued at ₹1,827 crore.
Of the total ₹4,900 crore invested across startups, around ₹3,600 crore has come from Info Edge and its group companies, while external limited partners have contributed roughly ₹1,300 crore through alternative investment funds managed by the company. The combined gross IRR of these managed AIFs stands at about 22%, according to the shareholder letter.
Consumer Tech takes biggest slice of the pie
Consumer technology remains the largest component of Info Edge's investment portfolio. The company has invested ₹2,755 crore across 45 consumer-tech and consumer-AI startups, with the portfolio now valued at ₹37,214 crore. This represents a 13.5x multiple and an estimated gross IRR of around 34%.
The portfolio includes investments in companies spanning quick commerce, food delivery, insurance aggregation, travel, healthcare, fintech, gaming and education. Info Edge noted that much of the value creation in this portfolio has come from listed investments such as Eternal (Zomato and Blinkit) and PB Fintech.
Deeptech investments at an early stage
Info Edge's deeptech portfolio comprises 30 companies with investments of ₹455 crore. The portfolio is currently valued at ₹559 crore, representing a 1.2x multiple and an estimated gross IRR of around 15%. Thirteen of the 30 companies have raised externally led rounds from institutional investors and sovereign programmes.
The company said the portfolio is younger in maturity, as most investments were made at the intellectual property creation and R&D stage.
It highlighted that electric air mobility startup ePlane secured ₹285 crore under the government's Research, Development and Innovation (RDI) scheme, the largest allocation among the 22 approved proposals, while spacetech firm Manastu Space received ₹115 crore.
Shares of the company ended almost flat at ₹983 ahead of the release of the letter on Monday. The stock has declined about 27% so far this year.
In a letter to shareholders released on Monday, June 22, the company identified AI, deeptech and consumer technology as the key drivers of future value creation across its startup portfolio.
AI portfolio crosses ₹1,200 crore valuation
Info Edge said it has invested ₹614 crore across 28 AI startups since 2020. The portfolio is now valued at ₹1,268 crore, implying a 2.1x multiple and an estimated gross IRR of about 31%.
Fifteen of the 28 companies have raised externally led follow-on funding rounds from investors, including Insight Partners, Peak XV, SIG and Vertex.
The company said several AI portfolio firms are contributing to India's technology initiatives. Voice AI startup Gnani.ai was selected under the IndiaAI Mission and received government GPU compute credits worth ₹177 crore to help build sovereign voice AI foundation models.
Also read: Delhivery shares close in on IPO price yet again after Motilal Oswal projects 26% upsideOverall startup investment portfolio at ₹41,300
Info Edge said its startup investment portfolio is now valued at nearly ₹41,300 crore against a cumulative investment of around ₹4,900 crore across 135 startups, translating into an 8.4x multiple and an estimated gross IRR of about 33%.
Overall, Info Edge said it has invested more than ₹1,003 crore across 54 AI and deeptech companies since 2020, covering areas such as enterprise AI, robotics, semiconductors, spacetech, biotech and electric mobility. Together, the AI and deeptech portfolios are valued at ₹1,827 crore.
Of the total ₹4,900 crore invested across startups, around ₹3,600 crore has come from Info Edge and its group companies, while external limited partners have contributed roughly ₹1,300 crore through alternative investment funds managed by the company. The combined gross IRR of these managed AIFs stands at about 22%, according to the shareholder letter.
Consumer Tech takes biggest slice of the pie
Consumer technology remains the largest component of Info Edge's investment portfolio. The company has invested ₹2,755 crore across 45 consumer-tech and consumer-AI startups, with the portfolio now valued at ₹37,214 crore. This represents a 13.5x multiple and an estimated gross IRR of around 34%.
The portfolio includes investments in companies spanning quick commerce, food delivery, insurance aggregation, travel, healthcare, fintech, gaming and education. Info Edge noted that much of the value creation in this portfolio has come from listed investments such as Eternal (Zomato and Blinkit) and PB Fintech.
Deeptech investments at an early stage
Info Edge's deeptech portfolio comprises 30 companies with investments of ₹455 crore. The portfolio is currently valued at ₹559 crore, representing a 1.2x multiple and an estimated gross IRR of around 15%. Thirteen of the 30 companies have raised externally led rounds from institutional investors and sovereign programmes.
The company said the portfolio is younger in maturity, as most investments were made at the intellectual property creation and R&D stage.
It highlighted that electric air mobility startup ePlane secured ₹285 crore under the government's Research, Development and Innovation (RDI) scheme, the largest allocation among the 22 approved proposals, while spacetech firm Manastu Space received ₹115 crore.
Shares of the company ended almost flat at ₹983 ahead of the release of the letter on Monday. The stock has declined about 27% so far this year.
(Edited by : Ajay Vaishnav)
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