– Info Edge subsidiary Redstart Labs will acquire 1,051 Seed-2 Series compulsory convertible preference shares of Sploot
–Post the execution of the deal, Redstart would increase its shareholding in the startup to 26.40% from 21.96% previously on a fully converted and diluted basis
–Founded in 2019, Sploot is a pet care startup that helps pet parents book services such as dog walking and dog grooming
Info Edge’s subsidiary Redstart Labs is investing another INR 3 Cr in Sploot to increase its stake in the pet care startup to 26.40%.
In an exchange filing, the company said that Redstart Labs would acquire 1,051 Seed-2 Series compulsory convertible preference shares of Sploot.
“This is to inform you that Redstart Labs (India) Ltd. (“Redstart”), a wholly-owned subsidiary…
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