Startup Investments Holding Ltd will invest Rs. 4 crores in Printo

Startup Investments (Holding) Ltd., a wholly-owned subsidiary of Info Edge (India) Ltd, has agreed to invest approximately Rs. 4 crores in Printo Document Services Private Limited. Printo is an Indian print-on-demand platform for personal and business printing, as well as corporate merchandise. Business cards, business stationary, ID cards/accessories, flyers/leaflets, posters, standees, brochures, signage, stickers, calendars and diaries; gift products; personalised greeting cards; photo books; Tshirts and apparel; and marketing collaterals are all available from the company. It sells its products both online and in physical stores.

This follow-on investment by the Company through SIHL is in support of the Company’s investment strategy, which includes making external financial investments aimed at creating value in the medium to long term. SIHL has agreed to purchase 1,870 – 0.01% Compulsorily Convertible Preference Shares as its primary share acquisition. Following this investment, the Company’s total shareholding in the said entity through SIHL would be 21.73% on a fully converted and diluted basis.

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