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₹2,536 crore (US$300 million) (FY24) [4]
Increase2.svg₹1,119 crore (US$130 million) (FY24) [4]
Increase2.svg₹594 crore (US$71 million) (FY24) [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

Affiliated companies

Related Research Articles

<span class="mw-page-title-main">Venture capital</span> Form of private-equity financing

Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. Start-ups are usually based on an innovative technology or business model and often come from high technology industries such as information technology (IT) or biotechnology.

<span class="mw-page-title-main">SoftBank Group</span> Japanese investment holding company

SoftBank Group Corp. is a Japanese multinational investment holding company headquartered in Minato, Tokyo, Japan which focuses on investment management. The group primarily invests in companies operating in technology that offer goods and services to customers in a multitude of markets and industries ranging from the internet to automation. With over $100 billion in capital at its onset, SoftBank's Vision Fund is the world's largest technology-focused venture capital fund. Fund investors included sovereign wealth funds from countries in the Middle East.

<span class="mw-page-title-main">Temasek (company)</span> Singaporean state-owned conglomerate

Temasek Holdings (Private) Limited is a Singaporean state-owned multinational investment firm. Incorporated on 25 June 1974, Temasek has a net portfolio of US$288 billion as of 2024, with S$33 billion divested and S$26 billion invested during the year. Headquartered at Orchard Road, Singapore, it has 13 offices in 9 countries around the world, including in Beijing, Brussels, Hanoi, London, Mexico City, Mumbai, New York City, Paris, San Francisco, Shanghai, Shenzhen and Washington D.C.

Sequoia Capital Operations, LLC is an American venture capital firm headquartered in Menlo Park, California which specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. As of 2022, the firm had approximately US$85 billion in assets under management.

Naukri.com is an Indian employment website operating in India and the Middle East. It was founded in March 1990 by Indian businessmen Sanjeev Bikh Chandani and Christopher Monteiro. Naukri.com is the largest employment website in India.

Sanjeev Bikhchandani is an Indian businessman, who is the founder and executive vice chairman of Info Edge which owns Naukri.com, a job portal, as well as the co-founder of Ashoka University. He was honored with the Padma Shri, India's fourth-highest civilian award, in January 2020.

Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.

Zomato is an Indian multinational restaurant aggregator and food delivery company. It was founded by Deepinder Goyal and Pankaj Chaddah in 2008. Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in more than 1,000 Indian cities and towns, as of 2022–23. Zomato rivals Swiggy in food delivery and hyperlocal space.

Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal.

Jeevansathi.com is an Indian online dating service company owned by Info Edge.

redBus Online bus ticketing company

redBus is an Indian online bus ticket booking company that provides bus ticket booking through its website and iOS and Android mobile apps. It is headquartered in Bangalore and works like a hub, acting as a medium for a network of more than 3500 bus operators, across the countries of India, Malaysia, Indonesia, Singapore, Peru, and Colombia. It claims to have registered over 180 million trips, with a customer base of over 20 million. In 2018, the company achieved a GMV of ₹50 billion, with a 70% share in the Indian online bus ticketing segment.

<span class="mw-page-title-main">Paytm</span> Indian financial technology company

Paytm is an Indian multinational financial technology company, that specializes in digital payments and financial services, based in Noida, India. Paytm was founded in 2010 by Vijay Shekhar Sharma under One97 Communications. The company offers mobile payment services to consumers and enables merchants to receive payments through QR code payment, Soundbox, Android-based-payment terminal, and online payment gateway. In partnership with financial institutions, Paytm also offers financial services such as microcredit and buy now, pay later to its consumers and merchants.

OYO Rooms, also known as OYO Hotels & Homes, is an Indian multinational hospitality chain of leased and franchised hotels, homes, and living spaces. Founded in 2012 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. As of January 2020, it has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries.

Policybazaar is an Indian insurance aggregator and multinational financial technology company based in Gurgaon. The corporation was established in June 2008 by Yashish Dahiya, Alok Bansal and Avaneesh Nirjar. It provides a digital platform—website and an app—where users can compare insurance policies and other financial services from major insurance companies. The company is India's largest insurance aggregator, and has expanded its operations to the United Arab Emirates. The companie's tagline is Har Family Hogi Insured.

Livspace, is a home interior and renovation company headquartered in Singapore. It provides interior design and renovation services in Singapore and India. The company was founded in 2014 by Anuj Srivastava and Ramakant Sharma and has raised funding of $450 million.

Dunzo is an Indian company that delivers fruits and vegetables, meat, pet supplies, food, and medicines in major cities. It also has a separate service to pick up and deliver packages within the same city. Dunzo currently provides its delivery services in eight Indian cities including Bengaluru, Delhi, Gurugram, Pune, Chennai, Jaipur, Mumbai and Hyderabad. The company also operates a bike taxi service in Gurgaon. Dunzo is headquartered in Bangalore and was founded in 2014 by Kabeer Biswas along with co-founders Ankur Agarwal, Dalvir Suri and Mukund Jha. Dalvir Suri left Dunzo on 3 October 2023, along with Mukund Jha.

Swiggy is an Indian online food ordering and delivery company. Founded in 2014, Swiggy is headquartered in Bangalore and operates in more than 580 Indian cities, as of July 2023. Besides food delivery, the platform also provides quick commerce services under the name Swiggy Instamart, and same-day package deliveries with Swiggy Genie.

<span class="mw-page-title-main">Jio Platforms</span> Indian multinational technology company

Jio Platforms Limited is an Indian multinational technology company, headquartered in Mumbai, India. It is a subsidiary of Reliance Industries. Established in 2019, it acts as a holding company for India's largest mobile network operator, Jio, and other digital businesses of Reliance. Since April 2020, Reliance Industries has raised ₹152,056 crore (US$18 billion) by selling a 32.97% equity stake in the company. In August 2021, it was ranked 155th on the 2021 Fortune Global 500 list of the world's biggest corporations.

<span class="mw-page-title-main">CIIE.CO</span> Indian startup accelerator

CIIE.CO is an Indian startup accelerator and incubator that supports early-stage startups located at IIM Ahmedabad in Ahmedabad, India. It was founded in 2002 to promote innovation and entrepreneurship in India. It is a Center of excellence set up at Indian Institute of Management Ahmedabad with support from the Government of India's Department of Science and Technology and the Government of Gujarat.

Ultrahuman is a Bengaluru based longevity and health-monitoring platform that designs, manufactures and sells the Ultrahuman Ring Air health tracker, Ultrahuman M1 Continuous glucose monitor, pre-release Ultrahuman Home health monitor and related blood testing services like Blood vision. Ultrahuman was incorporated in 2019 by second time entrepreneurs Mohit Kumar and Vatsal Singhal. Mohit and Vatsal also co-founded RoadRunnr in the year 2015. RoadRunnr later merged with Zomato and eventually became Zomato Food delivery. Zomato went public at $15bn in market value in 2021.

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 "Outcome of the Board Meeting- May 16, 2024" (PDF). BSE. Retrieved 17 May 2024.
  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.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.