Info Edge (India) Limited — JV/Acquisition, 11-11-2024: Acquisition

Startup Investments (Holding) Ltd. (SIHL), a wholly-owned subsidiary of Info Edge (India) Ltd., is set to invest approximately Rs. 4 Crores in LQ Global Services Private Limited (Legitquest), a Legal-Tech venture specializing in SaaS for legal professionals. This investment aligns with SIHL’s strategy of medium to long-term value creation. The investment will occur in two tranches: Rs. 2 Crores within 30 days and the remaining Rs. 2 Crores within 12 months, conditional upon certain requirements. Post-investment, SIHL is expected to hold around 25.65% to 27.98% of Legitquest, depending on future funding scenarios.