Info Edge

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, a workplace discover platform AmbitionBox.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 former unicorns[10]—the food delivery company Zomato (15.23% stake, as of July 2021)[11] and the insurance aggregator Policybazaar (13.3% stake, as of November 2021).[12][13]

Info Edge (India) Limited
TypePublic
ISININE663F01024
IndustryInternet
Founded1995 (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
Revenue ₹1,360.3 crore (US$180 million) (FY 2020)[4]
₹402.7 crore (US$53 million) (FY 2020)[4]
₹200.8 crore (US$26 million) (FY 2020)[4]
SubsidiariesAmbitionBox[5]
Websitewww.infoedge.in

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. "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. Shah, Sneha. "Info Edge clocks a return of 1,050 times on Zomato investment". The Economic Times. Retrieved 25 January 2022.
  12. "Info Edge, SoftBank among biggest winners as Policybazaar lists". The Economic Times. Retrieved 25 January 2022.
  13. "Info Edge raises capital to tap inorganic opportunities; flexible on investments in Zomato, PolicyBazaar". www.timesnownews.com. Retrieved 27 November 2020.
  14. "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).{{cite news}}: CS1 maint: url-status (link)
  21. "Annual Report 2019-20" (PDF). {{cite journal}}: 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.
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