About Company
Smartweb Internet Services Limited
Smartweb Internet Services Limited serves as the specialized institutional sponsor and dedicated investment manager responsible for executing the investment strategies of the A88 Trust. Operating as a wholly owned subsidiary of Info Edge (India) Limited, the Delhi-based corporate enterprise integrates large-scale internet ecosystem intelligence with disciplined fund governance frameworks. The firm focuses on enforcing strict regulatory compliance, managing milestones-based drawdown agreements, and driving risk-mitigated technical portfolio expansion.
Fund Snapshot
| Parameter | Details |
| Fund Name | A88 Trust (Flagship Scheme: A88 Fund I) |
| Regulatory Authority | Securities and Exchange Board of India (SEBI) |
| SEBI Registration Number | IN/AIF2/25-26/1932 |
| Fund Category | Alternative Investment Fund (AIF) Category II |
| Launch/Registration Year | 2026 |
| Registered Address | Ground Floor, 12A, 94, Meghdoot Building, Nehru Place, New Delhi, 110019 |
| Key Anchor Backer | Info Edge (India) Limited |
| Total Target Commitment | Up to ₹250 Crores |
Fund Purpose
The primary objective of the A88 Trust, through its flagship scheme A88 Fund I, is to act as a dedicated institutional pipeline for supporting early-stage deep-tech companies in India or enterprises primarily focused on the Indian market. Backed heavily by corporate anchor Info Edge, the fund consolidates pooled capital to discover and finance highly complex technical breakthroughs across software engineering layers. The fund's objective is to cultivate sustainable corporate compounding and strengthen the domestic start-up ecosystem by providing structured long-term capital across a defined 12 to 14-year life cycle.
Fund Philosophy
Deep-Tech Innovation Focus
The fund targets highly technical and intellectual property-led sectors rather than traditional consumer internet systems. Priority deployment arenas include core artificial intelligence frameworks, machine learning engines, commercial robotics, and breakthrough software architecture.
Patient Long-Term Capital
Recognizing that highly complex technologies require extended research and optimization runway before product-market validation, the fund operates with a patient outlook. Its structural design spans an estimated lifespan of 12 to 14 years to let technical portfolios mature.
Strategic Corporate Synergy
The fund leverages its deep corporate integration with Info Edge to bring institutional scaling expertise directly to early-stage engineering teams. Portfolio entities receive dedicated strategic support, data security best practices, and enterprise-level growth validation systems.
Rigorous Value-Driven Screening
Investment selection is driven by strict technical due diligence, checking scientific viability and structural defensibility over short-term market momentum. The capital drawdown process is managed across distinct milestones to ensure financial efficiency during product development phases.
Robust Structural Governance
Operating within a strict Category II AIF architecture ensures institutional-grade reporting transparency and rigorous operational risk frameworks. By implementing strict compliance guardrails, the vehicle effectively controls operational capital risk while navigating high-barrier technical ventures.
Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Hitesh Oberoi
Hitesh Oberoi acts as a prominent Director overseeing corporate operations for the investment manager and is the Managing Director and Chief Executive Officer (CEO) of Info Edge (India) Limited. An alumnus of IIT Delhi and IIM Ahmedabad, he commands decades of industry leadership in scaling India’s earliest internet consumer setups and corporate venture portfolios. His analytical corporate framework and executive oversight drive the strategic asset selection, due diligence processes, and risk management systems for the vehicle.
Find answers to common questions about fund investments, performance, portfolio strategy, and investor services.
It is officially established under the Indian Trusts Act, 1882, and registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund (AIF).
The trust and its underlying scheme, A88 Fund I, are anchored and sponsored by Info Edge (India) Limited—the parent enterprise behind leading digital platforms like Naukri.com and 99acres.
Info Edge (India) Limited has legally executed a definitive contribution agreement to commit an aggregate corporate investment corpus of up to ₹250 Crores into the fund.
The investment mandate focuses exclusively on backing early-stage deep-tech companies that develop advanced intellectual property, artificial intelligence, robotics, or complex engineering systems inside India.
The legally recorded headquarters and operational base of the fund are situated at Ground Floor, 12A, 94, Meghdoot Building, Nehru Place, New Delhi, 110019.
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Disclaimer: Investing in AIF, PMS, Gift City or Mutual Fund is subject to market risk. Please read the related documents carefully. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. Actual portfolios may differ as a result of account size, client-imposed investment restrictions, the timing of client investments and market, economic, and individual company factors. We at ALTPORT do not guarantee any returns in the hands of investors, nor do we take any sort of accountability for the performance of the scheme.