Info Edge's (India) wholly-owned subsidiary -- Redstart Labs (India) has planned to invest an amount of about Rs 8 crore in Vyuti Systems. The Board of Directors of Redstart has agreed to acquire 7,143 – 0.01% Compulsorily Convertible Preference Shares as part of a larger round. The aggregate shareholding of the company through Redstart, post this investment, in the said entity would be 5.14% on fully converted & diluted basis. 

Vyuti is a Machine Vision & AI Technology company. Machine vision enables machines like robots to see and understand the environment and react based on vision perception. Vyuti is a pioneer in tracking objects in motion with its vision system being light agnostic and capable of depth perception. This follow-on investment by the company through Redstart is in furtherance of company’s investment strategy, which includes making external financial investments that are focused on value creation in the medium to long term. 

Info Edge (India) owns one of the leading job portals naukri.com. The company is a leading provider of various portals related to online recruitment, matrimonial, real estate and education classifieds and related services in India.