INFO EDGE : COMPANY UPDATE ON TRANSFER OF STAKE IN SHOPKIRANA

• Startup Investments (Holding) Limited (SIHL) transferred 60,673 shares of Shopkirana to Trustroot Internet Private Limited (TIPL) • Transaction consideration includes TIPL preference shares aggregating to 2.021% on a fully converted and diluted basis • SIHL also made primary infusion of about USD 1,724,169.60 in TIPL, subscribing to 5,484 preference shares aggregating to 0.105% • Shopkirana ceases to be an associate company of SIHL. Impact: Neutral (Corporate update on stake transfer and investment; no immediate financial impact stated)

Info Edge (India) Limited

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