Zomato early investor Data Edge has authorised a significant funding into a brand new deeptech-focused fund whereas concurrently agreeing to divest its stake in a retail expertise firm, in accordance with a regulatory submitting.

The corporate stated its board, assembly on 27 March, had authorised a dedication of as much as Rs 250 crore ($26.43 million) to A88 Fund I, a scheme launched by A88 Belief and registered with the SEBI as a Class II Different Funding Fund.

The fund, to be sponsored and managed by Data Edge’s subsidiary Smartweb Web Companies, will give attention to early-stage deeptech startups in India. The corporate stated the target was to “generate long-term development for the contributors and assist [the] Indian entrepreneurial ecosystem” via such investments.

A88 Fund I used to be launched in February 2026 and is predicted to have a lifespan of 12 years, with the potential for extension. Capital contributions are more likely to be drawn down over time, relying on funding alternatives and market circumstances.

Exit from Shopkirana

In a separate growth, Data Edge additionally authorised the switch of its complete 26.14% stake in Shopkirana E Buying and selling Non-public Restricted. The holding, owned via its subsidiary Startup Investments (Holding) Restricted (SIHL), will likely be offered to Trustroot Web Non-public Restricted (TIPL).

The transaction is valued at roughly $32.97 million. As a part of the deal, TIPL will problem 104,868 desire shares to SIHL, representing about 2.02% stake on a completely diluted foundation.

SIHL can even make investments an extra $1.72 million in TIPL via a main infusion, taking its whole holding within the Singapore-based agency to roughly 2.13% following completion.

The deal stays topic to regulatory circumstances and is predicted to shut by 30 June 2026, pending approvals together with clearance from an authorised vendor financial institution.

Following completion, Shopkirana will stop to be an affiliate firm of SIHL, in accordance with the submitting. The corporate described each the divestment and the brand new funding as a part of its broader technique to pursue monetary investments geared toward long-term worth creation.

TIPL operates as an funding holding firm and develops software program and software-as-a-service (SaaS) options throughout a number of markets.