Meritto Files Confidential DRHP, Info Edge To Reduce Stake To Below 25%

Info Edge will offload about 3.8 Cr shares of Meritto (formerly NoPaperForms) via the offer-for sale component (OFS) of the edtech SaaS company’s IPO

Info Edge said its wholly owned subsidiary Startup Investments Holding Limited (SIHL) has approved the divestment via the OFS route

Meritto is reportedly looking to raise between INR 500 Cr to INR 600 Cr ($60 Mn to $70 Mn) at a valuation of around INR 2,000 Cr ($234 Mn)

Info Edge will offload about 3.8 Cr shares of Meritto (formerly NoPaperForms) via the offer-for…