Info Edge Trims Stake in IPO-Bound NoPaperForms Ahead of Public Debut

Info Edge (India) Ltd, one of India’s leading internet investment firms, has announced a strategic partial exit from NoPaperForms Solutions Ltd, a SaaS-based education platform also known as Meritto. The divestment was executed via its wholly owned subsidiary, Startup Investments (Holding) Ltd, and disclosed under SEBI’s Regulation 30.

This development aligns with NoPaperForms’ recent conversion into a public company, signaling its intent to go public in the coming months. The Gurugram-based startup is reportedly preparing for a ₹500–600 crore IPO at a valuation of ₹2,000 crore.

Key highlights:

• Startup Investments (Holding) Ltd, a unit of Info Edge, has partially divested equity in NoPaperForms.
• NoPaperForms has transitioned from a private to a public entity, paving the way for its IPO.
• The IPO is expected to launch by end-2025, with IIFL Capital and SBI Capital onboard as investment bankers.
• Founded in 2017, NoPaperForms specializes in vertical SaaS and embedded payments for the education sector.

Sources: Rediff MoneyWiz, Entrackr, Inc42.