Info Edgeis an Indiantechnology holding companywhich owns, operates and invests ininternet-led businesses.[6]The company's offerings include the flagship employment websiteNaukri,matrimonial websiteJeevansathi,real estate classifieds platform 99Acres, and educational portal Shiksha, among others.[7][8]As of 2018, more than 70 percent of the company's revenue came from Naukri.[9][10]
 | |
| Company type | Public |
|---|---|
| ISIN | INE663F01024 |
| Industry | Internet |
| Founded | 1995 |
| Founder | Sanjeev Bikhchandani[1] |
| Headquarters | , India |
Area served | India,United Arab Emirates,Bahrain,Saudi Arabia |
Key people | Hitesh Oberoi (CEO)[2][3] |
| Products |
|
| Services | |
| Revenue |  ₹2,536 crore(US$300 million) (FY24)[4] |
| ₹1,119 crore(US$130 million) (FY24)[4] | |
| ₹594 crore(US$71 million) (FY24)[4] | |
Number of employees | 4,049 (2022)[5] |
| Website | www |
As of September 2020, it also heldminority stakesin 23 online companies[11]including twounicorns[12]—the food delivery companyZomato(15.23% stake, as of July 2021)[13]and the insurance aggregatorPolicybazaar(13.3% stake, as of November 2021).[14][15]
History
editInfo Edge was founded bySanjeev Bikhchandaniin 1995, initially reproducingclassified adsfrom newspapers on its website. In April 1997, Bikhchandani started Naukri with help from his brother and friends.[16]It then launched Jeevansathi in 1998, 99acres in 2005 and Shiksha in 2008.[17]Info Edgewent publicin 2006 under theticker symbol"Naukri".[18]It launched offshoots of Naukri such as NaukriGulf forGulfcountries in 2006[19]and FirstNaukri for campus recruitment in 2009.[20]
Info Edge was one of the early investors of Zomato (then known as FoodieBay) and reportedly invested in Policybazaar in 2008 before its website was launched.[17]Between 2010 and 2013, Info Edge invested a total of₹86 crore in Zomato across four rounds and became the controlling shareholder in Zomato.[21]Zomato ceased to be a subsidiary of Info Edge in September 2015.[22]
In 2020, the company set up analternative investmentarm called Info Edge Ventures[23]under which it started Info Edge Venture Fund, aventure capital fundto invest in early-stage technology startups.[24][25]As of 2022, Info Edge Ventures has threeinvestment funds–Info Edge Venture Fund, Info Edge Capital, and Capital 2B.[5]
Acquisitions
edit| Year | Company | Type | Ref. |
|---|---|---|---|
| 2017 | AmbitionBox | workplace discovery platform | [26] |
| 2019 | iimjobs hirist |
job portals | [27] |
| 2021 | Zwayam | HR software | [28] |
| 2021 | DoSelect | HR and skilling platform | [29] |
| 2022 | Aisle | dating app | [30] |
| 2022 | Broker Network | real estate broker platform | [31] |
| 2022 | Coding Ninjas | edtech platform | [32] |
| 2019 | BigShyft | recruitment |
Affiliated companies
editReferences
edit- ^"Why Sanjeev Bikhchandani, the Naukri man, wants to be a builder and funder with Info Edge".Economic Times.Retrieved24 May2020.
- ^"Trying on new hats".Business Today.Retrieved24 May2020.
- ^"How a sales-obsessed company has been developing its tech muscle".The Economic Times.Retrieved24 May2020.
- ^abc"Outcome of the Board Meeting- May 16, 2024"(PDF).BSE.Retrieved17 May2024.
- ^ab"Temasek to invest $162.5 million in three Info Edge Ventures funds".Moneycontrol.Retrieved16 February2023.
- ^"HSBC values Info Edge's stake in Zomato at $1.1 billion; stock jumps 5%".Business Standard India.2 September 2020.Retrieved28 April2021.
- ^"Info Edge: Getting the job done".Forbes India.Retrieved24 May2020.
- ^"Info Edge spreads its start-up investments".Livemint.Retrieved24 May2020.
- ^"Investments In AI, Revenue Growth May Stem Fall In Margin, Says Info Edge".Bloomberg Quint.Retrieved24 May2020.
- ^"Info Edge's biggest edge".Forbes India.Retrieved24 May2020.
- ^"Hottest India Internet Stock Surging Despite Valuation Fears".Bloomberg.18 November 2020.Retrieved27 November2020.
- ^"It's an internet platform. It's a holding company. It's a VC fund. It's Info Edge!".The Ken.Retrieved24 May2020.
- ^Shah, Sneha."Info Edge clocks a return of 1,050 times on Zomato investment".The Economic Times.Retrieved25 January2022.
- ^"Info Edge, SoftBank among biggest winners as Policybazaar lists".The Economic Times.Retrieved25 January2022.
- ^"Info Edge raises capital to tap inorganic opportunities; flexible on investments in Zomato, PolicyBazaar".timesnownews.Retrieved27 November2020.
- ^"The amazing story of the making of Naukri".Rediff.Retrieved6 February2023.
- ^ab"Info Edge: Investing in ideas".fortuneindia.Retrieved27 November2020.
- ^"Info Edge (India) Ltd".Business Standard.Retrieved24 May2020.
- ^"Naukri enters Middle-East market".Tribune India.Retrieved6 February2023.
- ^Mukherjee, Pradipta (28 January 2009)."Info Edge plans portal for freshers".Business Standard India.Retrieved6 February2023.
- ^"Info Edge invests $10M afresh in Zomato, values firm at around $55M".VCCircle.Retrieved3 January2023.
- ^Verma, Shrutika (7 September 2015)."Zomato raises fresh funds of $60 million, taking Info Edge's stake down to 47%".mint.Retrieved6 February2023.
- ^Das Gupta, Surajeet (1 September 2020)."Info Edge founder wants a hat-trick after Zomato, PolicyBazaar success".Business Standard.Retrieved16 February2023.
- ^"Info Edge's tech start-up investment coffer much larger at Rs 750 cr".Business Standard.Retrieved24 May2020.
- ^"Info Edge opens Rs 100 cr venture fund".Economic Times.Retrieved24 May2020.
- ^"Info Edge brings AmbitionBox under its fold".The Economic Times.Retrieved14 March2021.
- ^Nanda, Prashant K. (28 May 2019)."Naukri acquires recruitment portals iimjobs and hirist".mint.Retrieved6 February2023.
- ^Ghosh, Debangana (13 June 2021)."Info Edge to acquire HR SaaS startup Zwayam to boost Naukri's growth".The Hindu Businessline.Retrieved6 February2023.
- ^"Naukri parent Info Edge acquires HR tech startup DoSelect".The Economic Times.23 July 2021.Retrieved6 February2023.
- ^Kumar, V. Sajeev (16 March 2022)."Tech company Info Edge takes 76% stake in dating app Aisle".The Hindu Businessline.Retrieved6 February2023.
- ^Upadhyay, Harsh (31 May 2022)."Info Edge acquires majority stake in Rahul Yadav's startup 4B Networks".Entrackr.Retrieved6 February2023.
- ^"Info Edge gains on acquiring controlling stake in CodingNinjas".Business Standard India.6 October 2022.Retrieved6 February2023.