New Delhi, Feb. 10 -- Ace investors Mukul Agrawal and Sunil Singhania have purchased a stake in YAAP Digital Limited, ahead of its proposed initial public offering (IPO).

Data from separate filings showed that both investors acquired stakes via their investment firms in January. Each investor has acquired 7,20,400 equity shares, representing approximately 4.68% equity stake in the company, signalling institutional confidence.

Agrawal picked the stake via Intelliquity Ventures from the promoters Sudhir Menon and Subodh Menon. Meanwhile, Singhania bought shares via his India - Ahead Venture Fund from Atul Jeevandharkumar Hegde, another promoter of the company.

The investment comes amid growing interest towards pure-play AI firms. Founded...