Info Edge

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Info Edge (India) Limited
TypePublic
ISININE663F01024
IndustryInternet
Founded1995; 27 years ago (1995)
FounderSanjeev Bikhchandani[1]
Headquarters
Noida, Uttar Pradesh
,
India
Area served
India, United Arab Emirates, Bahrain, Saudi Arabia
Key people
Hitesh Oberoi (CEO)[2][3]
Products
Services
RevenueIncrease ₹1,360.3 crore (US$180 million) (FY 2020)[4]
Increase ₹402.7 crore (US$53 million) (FY 2020)[4]
Decrease ₹200.8 crore (US$27 million) (FY 2020)[4]
SubsidiariesAmbitionBox[5]
Websitewww.infoedge.in

Info Edge (India) Limited is an Indian pure play[6] internet company, based in Noida, Uttar Pradesh. It was founded by Sanjeev Bikhchandani in 1995. The company runs an online job portal Naukri.com, a matrimony website Jeevansathi.com, a real estate classifieds platform 99Acres.com and an educational website Shiksha.com.[7][8] As of September 2020, it also holds minority stakes in 23 online companies[9] including two unicorns[10]—the food delivery company Zomato (18.4% stake, as of February 2021)[11] and the insurance aggregator PolicyBazaar (15.1% stake, as of August 2020).[12][13]

History[]

Info Edge was founded in 1995, initially reproducing classified ads from newspapers on its website. It then launched Jeevansathi.com in 1998, 99acres.com in 2005 and Shiksha.com in 2008.[14] Info Edge went public in 2006 under the name "Naukri".[15] As of 2018, more than 70 percent of the company's revenue comes from the job portal Naukri.com.[16][17]

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.[14] In 2020, the company set up a venture capital fund, Info Edge Venture Fund, to invest in online startup companies.[18][19]

Investments[]

List of major investee companies as on 31 December 2020 include:[20][21]

Other investments in early stage startups as on 31 December 2020 include:

  • NoPaperForms (Advanced enrolments management platform, 48.10%)
  • Univariety (Guidance on careers, admissions, and tests, 39.88%)
  • Gramophone (AgriInputs e-commerce, 32.91%)
  • Shoekonnect (B2B footwear marketplace, 28.01%)
  • Printo (Retail chain providing print and document services, 25.12%)
  • Medcords (Healthcare tech platform, 15.76%)
  • Shopkirana (B2B grocery delivery platform, 25.36%)
  • Adda (Government job preparation platform, 16.97%)
  • Shipsy (Digital logistics ecosystem, 19.04%)
  • Legitquest (SaaS product for the intersection of tech and legal utilizing machine learning, 16.67%)
  • GreytHR (HR & payroll SaaS company 21.78%)
  • Teal (Platform for real estate intelligence and analytics, 20.00%)
  • Coding Ninjas (25%)

References[]

  1. ^ "Why Sanjeev Bikhchandani, the Naukri man, wants to be a builder and funder with Info Edge". Economic Times. Retrieved 24 May 2020.
  2. ^ "Trying on new hats". Business Today. Retrieved 24 May 2020.
  3. ^ "How a sales-obsessed company has been developing its tech muscle". The Economic Times. Retrieved 24 May 2020.
  4. ^ a b c "ANNUAL REPORT 2019-20" (PDF). www.infoedge.in. Retrieved 27 November 2020.
  5. ^ "Info Edge brings AmbitionBox under its fold". The Economic Times. Retrieved 14 March 2021.
  6. ^ "HSBC values Info Edge's stake in Zomato at $1.1 billion; stock jumps 5%". Business Standard India. 2 September 2020. Retrieved 28 April 2021.
  7. ^ "Info Edge: Getting the job done". Forbes India. Retrieved 24 May 2020.
  8. ^ "Info Edge spreads its start-up investments". Livemint. Retrieved 24 May 2020.
  9. ^ "Hottest India Internet Stock Surging Despite Valuation Fears". Bloomberg.com. 18 November 2020. Retrieved 27 November 2020.
  10. ^ "It's an internet platform. It's a holding company. It's a VC fund. It's Info Edge!". The Ken. Retrieved 24 May 2020.
  11. ^ "Disclosure Under Regulation 30 Of SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015" (PDF). BSE. Retrieved 16 March 2021.
  12. ^ "Info Edge raises capital to tap inorganic opportunities; flexible on investments in Zomato, PolicyBazaar". www.timesnownews.com. Retrieved 27 November 2020.
  13. ^ "Info Edge confirms Tencent investment in PolicyBazaar; may consider Zomato stake sale in April–May". TechCircle. Retrieved 24 May 2020.
  14. ^ a b "Info Edge: Investing in ideas". www.fortuneindia.com. Retrieved 27 November 2020.
  15. ^ "Info Edge (India) Ltd". Business Standard. Retrieved 24 May 2020.
  16. ^ "Investments In AI, Revenue Growth May Stem Fall In Margin, Says Info Edge". Bloomberg Quint. Retrieved 24 May 2020.
  17. ^ "Info Edge's biggest edge". Forbes India. Retrieved 24 May 2020.
  18. ^ "Info Edge's tech start-up investment coffer much larger at Rs 750 cr". Business Standard. Retrieved 24 May 2020.
  19. ^ "Info Edge opens Rs 100 cr venture fund". Economic Times. Retrieved 24 May 2020.
  20. ^ "Investor Presentation" (PDF).
  21. ^ "Annual Report 2019-20" (PDF). Cite journal requires |journal= (help)
  22. ^ "Info Edge confirms Ant Financial's $150 million capital infusion in Zomato". Economic Times. Retrieved 24 May 2020.
  23. ^ Pengonda, Pallavi (8 September 2020). "Zomato valuation upgrade holds key to prospects of re-rating in Info Edge". mint. Retrieved 27 November 2020.

External links[]

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