Agritech startup Unnati, founded by former Paytm CFO Amit Sinha, is acquiring Info Edge-backed agritech platform Gramophone in a stock-swap deal.
In an exchange filing, Info Edge said that it will transfer its 51% stake in Gramophone, for which it will receive 15.7% stake in Unnati.
Further, InfoEdge will invest Rs 35 crore in Unnati, which will take its stake up to 20.5%. “This will dilute to 18.48% once all other shareholders of Gramophone also become shareholders of Unnati,” it added.
The company said on Saturday that through its wholly-owned subsidiary, Startup Investments (Holding) Limited (SIHL), it currently holds 39.58% in Gramophone, which would increase to 50.94% before the shares are transferred to Unnati . Gramophone, a platform that distributes farm inputs, posted a revenue of Rs 67 crore in FY25.
“The increase in stake from 39.58% to 50.94% in Gramophone is on account of the valuation at which the ‘exit event’ is being undertaken by Gramophone,” Info Edge said.
SIHL will transfer its stake to Unnati at a valuation of about Rs 92 crore, based on a price of Rs 2,703 per share. The transaction is expected to be completed within 90 days.
Founded in 2010, Unnati is a fintech platform that finances and distributes agri inputs. The company reported revenues of Rs 291 crore in FY25, with a loss of Rs 18 crore.
