News > InfoEdge to invest Rs 9.31 Cr in Gramophone through subsidiary

InfoEdge to invest Rs 9.31 Cr in Gramophone through subsidiary

Startup Investments (Holding) (SIHL), a wholly-owned subsidiary of  InfoEdge, will invest about Rs 9.31 crore in Agstack Technologies, also known as  Gramophone. Noida-based InfoEdge would own about 32.89% of fully converted and diluted stake in Gramophone through SIHL. Founded in 2016, Gurugram-based Gramophone offers a full stack agritech platform for farmers. The company sells agricultural inputs to farmers directly and via small retailers through an omnichannel model.