Total amount raised
$51 Million
Latest funding date
12/01/2020
Location
Info Edge has successfully raised funds through two distinct funding rounds, with notable investments from Temasek Holdings and Lightbox. The company has also made significant strides in its investment portfolio, including 104 investments and six acquisitions.
Keep reading to explore the intricacies of Info Edge's fundraising journey and the investors backing this influential platform.
What Is Info Edge?
Info Edge (India) Limited, founded in 1995, is a prominent online classifieds company based in Noida, Uttar Pradesh, India. The company operates in various sectors, including recruitment, matrimony, real estate, and education.
With a workforce of 5001-10000 employees, Info Edge is known for its popular platforms like Naukri.com and 99acres.com. The company is publicly traded under the ticker NSE:NAUKRI and has made significant investments and acquisitions over the years.
How Much Funding Has Info Edge Raised?
- Post-IPO Equity
- Amount Raised: USD 51,000,000
- Date: December 2020
- Lead Investors: Temasek Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage technology startups in India.
- Post-IPO Equity
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: Lightbox
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To back tech entrepreneurs building innovative businesses.
Total Amount Raised: USD 51,000,000
Current Valuation: Not publicly disclosed
Key Investors
- Temasek Holdings
- Details: Temasek Holdings is a global investment company headquartered in Singapore. They have a long-standing relationship with Info Edge, participating in multiple funding rounds.
- Investment Focus Areas: Early-stage technology startups, ecommerce, digital media, fintech, edtech, healthtech, gaming, SaaS.
- Notable Investments: DotPe, BulBul, Qyuki.
- Lightbox
- Details: Lightbox is a venture capital firm that has invested in Info Edge. They are known for backing tech entrepreneurs building innovative businesses.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for Info Edge?
Info Edge is poised to capitalize on the burgeoning opportunities in India's early-stage technology startup ecosystem. With a substantial Rs 750 crore fund, half of which is backed by Temasek, the company is well-positioned to invest in sectors like e-commerce, digital media, fintech, edtech, healthtech, gaming, and SaaS. This fund not only provides a significant financial cushion but also opens doors to a plethora of innovative startups that can drive future growth.
Future fundraising opportunities seem promising, given the strategic partnership with Temasek and the successful track record of investments in companies like Zomato and PolicyBazaar. This partnership could attract additional global investors, further bolstering Info Edge's financial muscle to support more tech entrepreneurs. However, the company may face challenges in identifying high-potential startups in a competitive market and ensuring returns on investments in early-stage companies, which inherently carry higher risks.
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