Startup Funding

Naukri.com parent Info Edge clears Gramophone stake transfer to Unnati, approves Rs 35 crore investment

Naukri.com parent company Info Edge (India) Ltd has confirmed the consolidation of its agritech portfolio company Agstack Technologies Pvt Ltd, which operates under the Gramophone brand, with Akshamaala Solutions Pvt Ltd, known as Unnati, through a structured share swap and capital infusion. In a stock exchange disclosure, the company said its wholly owned subsidiary, Startup Investments (Holding) Ltd (SIHL), has agreed to transfer its entire stake in Gramophone to Unnati, alongside a fresh primary investment in the latter. The transaction was approved by the Board of Directors at a meeting held on January 3, 2026, based on the recommendation of the Audit Committee. SIHL currently holds a 39.58% stake in Gramophone. This holding will increase to 50.94% on a fully converted and diluted basis prior to the transfer, due to valuation adjustments linked to an exit event at Gramophone, temporarily making it a subsidiary of SIHL. SIHL will then transfer 339,305 shares, representing 50.94% ...

Startup Funding

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Industry Trends

2 top stock recommendations from Rajesh Bhosale

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