Agritech Unnati acquires Gramophone; Info Edge to transfer stake, infuse Rs 35 crore

Agritech startup Unnati, founded by former Paytm chief financial officer Amit Sinha, is acquiring Info Edge-backed agritech platform Gramophone in a stock-swap deal.

In a stock exchange filing, Info Edge said it will transfer its 51% stake in Gramophone, for which it will receive 15.7% stake in Unnati.

Info Edge will invest Rs 35 crore in Unnati, taking its stake up to 20.5%. “This will dilute to 18.48% once all other shareholders of Gramophone also become shareholders of Unnati,” it said.


The company said on Saturday that it currently holds 39.58% in Gramophone, through its wholly owned subsidiary Startup Investments (Holding) Limited (SIHL), which will increase to 50.94% before the shares are transferred to Unnati.

Gramophone, a platform that distributes farm inputs, reported a revenue of Rs 67 crore for 2024-25.

“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 revenue of Rs 291 crore for 2024-25, with a loss of Rs 18 crore.