Info Edge (India) Limited hit a day high of Rs 1,024.80 on 23 June after its startup portfolio was revealed to be worth Rs 41,300 crore.

The numbers are striking. Info Edge and its managed funds have invested around Rs 4,900 crore across 135 startups over the years, with Rs 3,600 crore coming directly from the company and Rs 1,300 crore from external LPs.

That total pool is now worth roughly Rs 41,300 crore, implying an 8.4x return on invested capital and a gross IRR of 33%. To put it plainly, every Rs 100 put into startups is now worth around Rs 840.

The biggest winner in the portfolio is consumer technology. Info Edge has put Rs 2,755 crore into 45 consumer tech and consumer AI companies, and that segment alone is valued at Rs 37,214 crore today.

The names driving that number are well known. Eternal (which runs Zomato and Blinkit) and PB Fintech sit in this bucket, and staying invested in them for years is what produced those returns.

The AI and deeptech side is newer but growing fast. Since 2020, the company has deployed Rs 1,003 crore across 54 startups in these two spaces, well before AI became a buzzword in global investing circles.

The AI portfolio of 28 companies is valued at Rs 1,268 crore (2.1x), while the deeptech portfolio of 30 companies is valued at Rs 559 crore (1.2x). Early days, but 15 of the AI startups have already attracted follow-on funding from names like Peak XV, Insight Partners and Vertex.

Some portfolio companies have also landed government backing. Voice AI firm Gnani.ai received Rs 177 crore worth of GPU compute credits under the IndiaAI Mission.

Electric aircraft startup ePlane and spacetech firm Manastu Space received Rs 285 crore and Rs 115 crore respectively under the RDI scheme.

Founder and Vice Chairman Sanjeev Bikhchandani summed up the direction clearly. ‘We believe future value creation will be driven by three themes predominantly, Artificial Intelligence, Deeptech and Consumer Technology,’ he said in the shareholder letter.

Info Edge closed at Rs 1,011.60 on NSE on 23 June, up 2.75% on the day. While the stock has gained around 5% over the past month, it is still down 24.53% year-to-date and remains well below its 52-week high of Rs 1,537.20.

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