Delhi-based Startup Investments Holding Limited (SHIL), which is a subsidiary of Info Edge (India), is all set to invest Rs 4 crores in Printo Document Services Private Limited.
Printo is a New Delhi-headquartered platform, which is known for providing personal and business print and corporate merchandise in the country. It delivers business cards, stationery, flyers, posters and other print-based accessories.
After the investment through SIHL, Info Edge will acquire 21.73 per cent shareholding in Printo. The proposed fund-infusing will also benefit its investment strategy of value creation in the medium to long term.
Founded in 2006, Printo has raised $14.9 million in funding till now. According to a Crunchbase report, the company bagged its first seed investment of $4.46 million in 2007 from Sequoia Capital. In the same year, it raised $1.24 million in another seed round. The company got $6.25 million in its Series A funding round from Sequoia Capital in October 2007. In 2021, the start-up closed its last funding round when it raised an undisclosed amount from Gruha’s Proptech.
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Since its inception, it has acquired three companies. In 2010, it acquired LifeBlob. Later the company acquired PrintBazaar in 2017 for an undisclosed amount and in 2019, the company acquired Inkmonk. It did not reveal the amount it spent in the case of its third acquisition.
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