Info Edge (India) Limited announced on 17 Mar 25, that its wholly-owned subsidiary, Jeevansathi Internet Services Private Limited, will invest approximately ₹30 crores in Aisle Network Private Limited, a step-down subsidiary. This investment aims to meet Aisle's working capital needs.

Key details of the investment:

• Target Company: Aisle Network Private Limited, operating dating platforms like Aisle, Anbe, Arike, Neetho, and Jalebi.
• Investment Amount: Approximately ₹30 crores in cash.
• Shares Acquired: 12,293 equity shares at a premium of ₹24,388.19 per share.
• Post-Investment Stake: Info Edge's stake in Aisle, through Jeevansathi, will increase from 89.17% to 92.83% on a fully converted and diluted basis.
• Financials of Aisle (as of 31 Mar 24):
  • Turnover: ₹34.80 crores
  • Loss After Tax (PAT): ₹(27.42) crores
  • Networth: ₹7.14 crores
• Timeline: Expected completion within 30 days from 17 Mar 25.
• Incorporation Date of Aisle: 10 Jan 14.
• Industry: Online Dating Platforms.