Total amount raised
$51 Millions
Latest funding date
12/01/2020
Location
Info Edge has successfully raised significant funding through various rounds, with notable investors such as Temasek Holdings and Lightbox. The company continues to thrive in the online classifieds sector, managing popular platforms like Naukri.com and 99acres.com.
Keep reading to explore the intricacies of Info Edge's fundraising journey and the investors backing this innovative platform.
What Is Info Edge?
Info Edge, founded in 1995 by Sanjeev Bikhchandani, is a leading internet company based in Noida, Uttar Pradesh, India. The company specializes in managing and operating online job portals, including Naukri.com, and has expanded into various sectors such as real estate, matrimony, and education.
With a workforce of 5001-10000 employees, Info Edge has established itself as a prominent player in the online classifieds market. The company also addresses the Middle East job market through its Gulf-focused recruitment site.
Info Edge's diverse portfolio includes platforms like 99acres.com for real estate, Jeevansathi.com for matrimony, and Shiksha.com for educational resources. The company continues to innovate and expand its services, maintaining a strong presence in the internet industry.
How Much Funding Has Info Edge Raised?
- Amount Raised: $51M
- Date: Dec 11, 2020
- Lead Investors: Temasek Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage technology startups in India.
- Amount Raised: Not publicly disclosed
- Date: Jan 1, 2019
- Lead Investors: Lightbox
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To back great entrepreneurs in India with patient capital and a global network.
Total Amount Raised: $51M
Current Valuation: Not publicly disclosed
Key Investors
- Temasek Holdings
- Details: Temasek Holdings is a global investment company headquartered in Singapore. It has a long-standing relationship with Info Edge, having invested in various rounds.
- Investment Focus Areas: Early-stage technology startups, ecommerce, digital media, fintech, edtech, healthtech, gaming, SaaS.
- Notable Investments: Zomato, PolicyBazaar, DotPe.
- Lightbox
- Details: Lightbox is a venture capital firm that focuses on investing in early-stage companies in India. It aims to back great entrepreneurs with patient capital and a global network.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
Information about other major investors in Info Edge was not found in the provided sources.
What's Next for Info Edge?
Info Edge is poised to capitalize on the burgeoning tech startup ecosystem in India. With a Rs 750 crore fund, half of which is already committed by Temasek, the company is well-positioned to invest in sectors like ecommerce, fintech, and edtech. This substantial fund opens doors for future fundraising opportunities, potentially attracting more global investors.
However, the path ahead is not without challenges. Identifying startups with high growth potential and navigating the competitive venture capital landscape will be crucial. Despite these hurdles, Info Edge's strategic partnerships and patient capital approach offer a promising outlook for continued growth and innovation.
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