Info Edge
Indian multinational technology company
From Wikipedia, the free encyclopedia
Info Edge is an Indian technology holding company which owns, operates and invests in internet-led businesses.[6] 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.[7][8] As of 2018, more than 70 percent of the company's revenue came from Naukri.com.[9][10]
 | |
| Company type | Public |
|---|---|
| ISIN | INE663F01024 |
| Industry | |
| Founded | 1995 |
| Founder | Sanjeev Bikhchandani[1] |
| Headquarters | , India |
Area served | India, United Arab Emirates, Bahrain, Saudi Arabia |
Key people | Hitesh Oberoi (CEO)[2][3] |
| Products |
|
| Services | |
| Revenue |  ₹2,654 crore (US$310 million) (FY25)[4] |
| ₹1,073 crore (US$130 million) (FY25)[4] | |
| ₹977 crore (US$120 million) (FY25)[4] | |
Number of employees | 4,049 (2022)[5] |
| Website | www |
As of September 2020, it also held minority stakes in 23 online companies[11] including two unicorns[12]—the food delivery company Zomato (15.23% stake, as of July 2021)[13] and the insurance aggregator Policybazaar (13.3% stake, as of November 2021).[14][15]
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.[16] It then launched Jeevansathi.com in 1998, 99acres.com in 2005 and Shiksha.com in 2008.[17] Info Edge went public in 2006 under the ticker symbol "Naukri".[18] It launched offshoots of Naukri such as NaukriGulf.com for Gulf countries in 2006[19] and FirstNaukri.com for campus recruitment in 2009.[20]
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.[17] Between 2010 and 2013, Info Edge invested a total of ₹86 crore in Zomato across four rounds and became the controlling shareholder in Zomato.[21] Zomato ceased to be a subsidiary of Info Edge in September 2015.[22] In the later years between 2017 and 2018, Info Edge made investments in the education-technology company, NoPaperForms (Meritto), an Education CRM and Enrolment-automation software for educational institutions.[23][24][25][AI-retrieved source]
In 2020, the company set up an alternative investment arm called Info Edge Ventures[26] under which it started Info Edge Venture Fund, a venture capital fund to invest in early-stage technology startups.[27][28] As of 2022, Info Edge Ventures has three investment funds–Info Edge Venture Fund, Info Edge Capital, and Capital 2B.[5]
Acquisitions
| Year | Company | Type | Ref. |
|---|---|---|---|
| 2017 | AmbitionBox | workplace discovery platform | [29] |
| 2019 | iimjobs.com hirist.tech |
job portals | [30] |
| 2021 | Zwayam | HR software | [31] |
| 2021 | DoSelect | HR and skilling platform | [32] |
| 2022 | Aisle | dating app | [33] |
| 2022 | Broker Network | real estate broker platform | [34] |
| 2022 | Coding Ninjas | edtech platform | [35] |
| 2019 | BigShyft | recruitment |