Target Entity: Sunrise Mentors Private Limited ('CodingNinjas')
Type of Deal: Equity investment in wholly-owned subsidiary
Stake/Capacity: The Company is acquiring 18,725 equity shares. Post this investment, CodingNinjas remains the wholly owned subsidiary of the Company (100% ownership maintained).
Deal Value: Approximately ₹10 Crores
Funding Source: Cash consideration from internal resources
Financial Impact:
The investment is being done to meet the working capital requirements of CodingNinjas. No specific financial impact on revenue, EBITDA, margins, or accretion/dilution is disclosed.
CodingNinjas financial performance (Rs. in crores):
- FY 2025-26: Turnover ₹97.43, PAT (₹13.36), Networth (₹34.98)
- FY 2024-25: Turnover ₹67.15
- FY 2023-24: Turnover ₹53.31
Timeline: Within 30 days from approval date (July 29, 2026)
Strategic Rationale:
The investment is specifically for meeting the working capital requirements of CodingNinjas to support its operations and growth of its e-learning platform 'Coding Ninjas'.
Approval Status: Approved by the Committee of Executive Directors on July 29, 2026
Related Party Transaction:
Yes, this transaction falls within related party transactions as CodingNinjas is a wholly-owned subsidiary of Info Edge (India) Limited. The promoter/promoter group/group companies have no interest in this transaction. The transaction is conducted on an arm's length basis.
Company Background:
CodingNinjas was incorporated on May 18, 2016 and is engaged in the business of providing education through its e-learning platform 'Coding Ninjas'. The company operates primarily in India.