Info Edge (India) Limited, through its subsidiary Redstart Labs (India) Ltd., has agreed to sell its entire shareholding in SkyServe Inc. for an aggregate consideration of approximately USD 55.55 million. This transaction will result in a complete disinvestment from SkyServe, as Redstart tenders all its 555,556 Series Pre-Seed Preferred Stock. The sale is expected to be completed by September 26, 2026.
Info Edge Divests Full Stake in SkyServe
Info Edge (India) Limited announced today that its wholly-owned subsidiary, Redstart Labs (India) Ltd., has agreed to sell its entire shareholding in its investee company, SkyServe Inc. The transaction involves the repurchase of 555,556 Series Pre-Seed Preferred Stock held by Redstart, which represents 5.55% of SkyServe’s total shareholding on a fully converted and diluted basis.
Financial Details and Transaction Timeline
The aggregate consideration for the sale of this entire shareholding is approximately USD 55.55 million. This agreement marks a complete disinvestment from SkyServe for Info Edge, through Redstart. A repurchase agreement is expected to be entered into within one week of the approval, and the transaction is slated for completion by September 26, 2026.
About SkyServe Inc.
SkyServe Inc., incorporated on April 5, 2021, operates an Insights-as-a-Service platform. It focuses on enabling satellite-based edge computed insights for core industries and solution providers to enhance scalability and affordability. SkyServe utilizes multispectral imagery for its edge-deployed models to facilitate timely predictions. The financial statements of SkyServe are not consolidated with Info Edge’s, meaning SkyServe did not contribute to Info Edge’s consolidated financial results as of March 31, 2026.
Transaction Structure
The transaction is structured as a repurchase of securities by SkyServe from Redstart. Info Edge confirmed that the repurchase transaction is being carried out on an arm’s length basis and that SkyServe is not a Related Party to Info Edge. Therefore, this is not considered a related party transaction. The details regarding the amount and percentage of turnover, income, and net worth contributed by SkyServe were marked as ‘Not Applicable’ as its financial statements are not consolidated.
Source: BSE
