Info Edge Explained

Info Edge (India) Limited
Type:Public
Isin:INE663F01024
Traded As:
    Location City:Noida, Uttar Pradesh
    Location Country:India
    Area Served:India, United Arab Emirates, Bahrain, Saudi Arabia
    Founder:Sanjeev Bikhchandani[1]
    Key People:Hitesh Oberoi (CEO)[2] [3]
    Industry:Internet
    Products:
    Services:
    Revenue: (FY24)[4]
    Operating Income: (FY24)
    Net Income: (FY24)
    Num Employees:4,049 (2022)

    Info Edge is an Indian technology holding company which owns, operates and invests in internet-led businesses.[5] The company's offerings include the flagship employment website Naukri.com, matrimonial website Jeevansathi.com, real estate classifieds platform 99Acres.com, and educational portal Shiksha.com, among others.[6] [7] As of 2018, more than 70 percent of the company's revenue came from Naukri.com.[8] [9]

    As of September 2020, it also held minority stakes in 23 online companies[10] including two unicorns[11] —the food delivery company Zomato (15.23% stake, as of July 2021)[12] and the insurance aggregator Policybazaar (13.3% stake, as of November 2021).[13] [14]

    History

    Info Edge was founded by Sanjeev Bikhchandani in 1995, initially reproducing classified ads from newspapers on its website. In April 1997, Bikhchandani started Naukri.com with help from his brother and friends.[15] It then launched Jeevansathi.com in 1998, 99acres.com in 2005 and Shiksha.com in 2008. Info Edge went public in 2006 under the ticker symbol "Naukri".[16] It launched offshoots of Naukri such as NaukriGulf.com for Gulf countries in 2006[17] and FirstNaukri.com for campus recruitment in 2009.[18]

    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.[19] Between 2010 and 2013, Info Edge invested a total of 86 crore in Zomato across four rounds and became the controlling shareholder in Zomato.[20] Zomato ceased to be a subsidiary of Info Edge in September 2015.[21]

    In 2020, the company set up an alternative investment arm called Info Edge Ventures[22] under which it started Info Edge Venture Fund, a venture capital fund to invest in early-stage technology startups.[23] [24] As of 2022, Info Edge Ventures has three investment funds–Info Edge Venture Fund, Info Edge Capital, and Capital 2B.[25]

    Acquisitions

    YearCompanyTypeRef.
    2017AmbitionBoxworkplace discovery platform[26]
    2019iimjobs.com
    hirist.com    		job portals[27]
    2021ZwayamHR software[28]
    2021DoSelectHR and skilling platform[29]
    2022Aisledating app[30]
    2022Broker Networkreal estate broker platform[31]
    2022Coding Ninjasedtech platform[32]
    2019BigShyftrecruitment

    Affiliated companies

    Notes and References

    1. News: Why Sanjeev Bikhchandani, the Naukri man, wants to be a builder and funder with Info Edge . 24 May 2020 . Economic Times.
    2. News: Trying on new hats . 24 May 2020 . Business Today.
    3. News: How a sales-obsessed company has been developing its tech muscle . 24 May 2020 . The Economic Times.
    4. News: Outcome of the Board Meeting- May 16, 2024 . 17 May 2024 . BSE.
    5. News: HSBC values Info Edge's stake in Zomato at $1.1 billion; stock jumps 5% . 28 April 2021 . Business Standard India . 2 September 2020.
    6. News: Info Edge: Getting the job done . 24 May 2020 . Forbes India.
    7. News: Info Edge spreads its start-up investments . 24 May 2020 . Livemint.
    8. News: Investments In AI, Revenue Growth May Stem Fall In Margin, Says Info Edge . 24 May 2020 . Bloomberg Quint.
    9. News: Info Edge's biggest edge . 24 May 2020 . Forbes India.
    10. News: Hottest India Internet Stock Surging Despite Valuation Fears . 27 November 2020 . Bloomberg.com . 18 November 2020 . en.
    11. News: It's an internet platform. It's a holding company. It's a VC fund. It's Info Edge! . 24 May 2020 . The Ken.
    12. News: Shah . Sneha . Info Edge clocks a return of 1,050 times on Zomato investment . 25 January 2022 . The Economic Times.
    13. News: Info Edge, SoftBank among biggest winners as Policybazaar lists . 25 January 2022 . The Economic Times.
    14. News: Info Edge raises capital to tap inorganic opportunities; flexible on investments in Zomato, PolicyBazaar . 27 November 2020 . www.timesnownews.com . en.
    15. News: The amazing story of the making of Naukri.com . 6 February 2023 . Rediff.
    16. News: Info Edge (India) Ltd. . 24 May 2020 . Business Standard.
    17. News: Naukri.com enters Middle-East market . 6 February 2023 . Tribune India.
    18. News: Mukherjee . Pradipta . Info Edge plans portal for freshers . 6 February 2023 . Business Standard India . 28 January 2009.
    19. News: Info Edge: Investing in ideas . 27 November 2020 . www.fortuneindia.com . en.
    20. News: Info Edge invests $10M afresh in Zomato, values firm at around $55M . 3 January 2023 . VCCircle.
    21. News: Verma . Shrutika . Zomato raises fresh funds of $60 million, taking Info Edge's stake down to 47% . 6 February 2023 . mint . 7 September 2015 . en.
    22. News: Das Gupta . Surajeet . Info Edge founder wants a hat-trick after Zomato, PolicyBazaar success . 16 February 2023 . Business Standard . 1 September 2020 . en.
    23. News: Info Edge's tech start-up investment coffer much larger at Rs 750 cr . 24 May 2020 . Business Standard.
    24. News: Info Edge opens Rs 100 cr venture fund . 24 May 2020 . Economic Times.
    25. News: Temasek to invest $162.5 million in three Info Edge Ventures funds . 16 February 2023 . Moneycontrol . en.
    26. News: Info Edge brings AmbitionBox under its fold . 14 March 2021 . The Economic Times.
    27. News: Nanda . Prashant K. . Naukri.com acquires recruitment portals iimjobs.com and hirist.com . 6 February 2023 . mint . 28 May 2019 . en.
    28. News: Ghosh . Debangana . Info Edge to acquire HR SaaS startup Zwayam to boost Naukri's growth . 6 February 2023 . The Hindu Businessline . 13 June 2021 . en.
    29. News: Naukri parent Info Edge acquires HR tech startup DoSelect . 6 February 2023 . The Economic Times . 23 July 2021.
    30. News: Kumar . V. Sajeev . Tech company Info Edge takes 76% stake in dating app Aisle . 6 February 2023 . The Hindu Businessline . 16 March 2022 . en.
    31. News: Upadhyay . Harsh . Info Edge acquires majority stake in Rahul Yadav's startup 4B Networks . 6 February 2023 . Entrackr . 31 May 2022.
    32. News: Info Edge gains on acquiring controlling stake in CodingNinjas . 6 February 2023 . Business Standard India . 6 October 2022.

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