Funding · Professional & Local Services
Info Edge invests Rs 8.90 crore in Factrika
By Startup Enthusiast ·
- Date
- Company
- Factrika
- What it does
- On-demand industrial workforce platform
- Kind
- Funding
- Amount
- ₹8.90 crore
- Stage
- Strategic Investment
- Founded
- 2 Jul 2024
What they do
Factrika connects manufacturers with skilled workers on demand
What happened
Info Edge acquired an initial 18.58% stake for Rs 8.90 crore
Why it matters
The deal includes an option to increase the stake to 26% by March 2027
The details
- Info Edge approved a strategic investment in Factrika on 14 August 2026.
- Factrika received Rs 8.90 crore for an initial 18.58% equity stake.
- Info Edge also invested Rs 90 crore into its subsidiary Startup Investments Holding Ltd (SIHL).
- The total announced strategic investment outlay amounts to approximately Rs 98.90 crore.
- Info Edge is the lead investor in this transaction with Factrika.
- The company has an option to increase its stake to 26% based on performance milestones.
- This additional stake acquisition must be completed by 31 March 2027.
- The transaction was conducted on an arm's length basis between the parties.
The bigger picture
- Factrika was incorporated recently on 2 July 2024.
- Info Edge uses SIHL as a vehicle for direct investments in tech companies.
- SIHL also manages indirect investments in Alternative Investment Funds (AIFs).
About the business
- Factrika operates as an on-demand industrial workforce platform.
- It connects manufacturers directly with skilled workers for immediate needs.
- The legal name of the company is Udyogtech Ventures Private Limited.
- Info Edge acquired shares through subscription to one equity share and 3,098 Compulsorily Convertible Preference Shares (CCPS).
- CCPS are shares that automatically convert into regular equity shares under specific conditions.
What happens next
- Info Edge may acquire an additional stake to reach 26% by 31 March 2027.
- This expansion depends on Factrika meeting specific performance milestones.
The deal
- Type
- Strategic Investment
Investors
- Info Edge India (Lead) — Parent company investing via wholly-owned subsidiary SIHL.
Founders
- Kshitij Puri, Co-founder
- Gaurav Asthana, Co-founder
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