Info Edge

Last updated

Info Edge (India) Limited
Company type Public
ISIN INE663F01024
Industry Internet
Founded1995;29 years ago (1995)
Founder Sanjeev 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
RevenueIncrease2.svg₹2,159 crore (US$270 million) (FY23) [4]
Increase2.svg₹784 crore (US$98 million) (FY23) [4]
Increase2.svg₹608 crore (US$76 million) (FY23) [4]
Number of employees
4,049 (2022) [5]
Website www.infoedge.in

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]

Contents

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 2020, the company set up an alternative investment arm called Info Edge Ventures [23] under which it started Info Edge Venture Fund, a venture capital fund to invest in early-stage technology startups. [24] [25] As of 2022, Info Edge Ventures has three investment funds–Info Edge Venture Fund, Info Edge Capital, and Capital 2B. [5]

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

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