Info Edge

Info Edge (India) Limited is an Indian pure play internet company that was founded by Sanjeev Bikhchandani in 1995. The company runs an online job portal Naukri.com, a matrimony website Jeevansathi.com, a real estate classifieds platform 99Acres.com and an educational website Shiksha.com.[5][6] As of September 2020, it also holds stakes in 23 online companies[7] including two unicorns[8]—the food delivery company Zomato (22.7% stake, as of September 2020)[9][10] and the insurance aggregator PolicyBazaar (15.1% stake, as of August 2020).[11][12]

Info Edge (India) Limited
TypePublic company
NSE: NAUKRI
BSE: 532777
IndustryInternet
Founded1995
FoundersSanjeev Bikhchandani[1]
Headquarters
Noida, Uttar Pradesh
,
India
Key people
Hitesh Oberoi (CEO)[2][3]
ProductsNaukri.com
Jeevansathi.com
99Acres.com
Shiksha.com
Revenue ₹1,360.3 crore (US$190 million) (FY 2020)[4]
₹402.7 crore (US$56 million) (FY 2020)[4]
₹200.8 crore (US$28 million) (FY 2020)[4]
Websitewww.infoedge.in

History

Info Edge was founded in 1995, initially reproducing classified ads from newspapers on its website. It then launched Jeevansathi.com in 1998, 99acres.com in 2005 and Shiksha.com in 2008.[13] Info Edge went public in 2006 under the name "Naukri".[14] As of 2018, more than 70 percent of the company's revenue comes from the job portal Naukri.com.[15][16]

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.[13] In 2020, the company set up a venture capital fund, Info Edge Venture Fund, to invest in online startup companies.[17][18]

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. "ANNUAL REPORT 2019-20" (PDF). www.infoedge.in. Retrieved 27 November 2020.
  5. "Info Edge: Getting the job done". Forbes India. Retrieved 24 May 2020.
  6. "Info Edge spreads its start-up investments". Livemint. Retrieved 24 May 2020.
  7. "Hottest India Internet Stock Surging Despite Valuation Fears". Bloomberg.com. 18 November 2020. Retrieved 27 November 2020.
  8. "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.
  9. Pengonda, Pallavi (8 September 2020). "Zomato valuation upgrade holds key to prospects of re-rating in Info Edge". mint. Retrieved 27 November 2020.
  10. "Info Edge confirms Ant Financial's $150 million capital infusion in Zomato". Economic Times. Retrieved 24 May 2020.
  11. "Info Edge raises capital to tap inorganic opportunities; flexible on investments in Zomato, PolicyBazaar". www.timesnownews.com. Retrieved 27 November 2020.
  12. "Info Edge confirms Tencent investment in PolicyBazaar; may consider Zomato stake sale in April-May". TechCircle. Retrieved 24 May 2020.
  13. "Info Edge: Investing in ideas". www.fortuneindia.com. Retrieved 27 November 2020.
  14. "Info Edge (India) Ltd". Business Standard. Retrieved 24 May 2020.
  15. "Investments In AI, Revenue Growth May Stem Fall In Margin, Says Info Edge". Bloomberg Quint. Retrieved 24 May 2020.
  16. "Info Edge's biggest edge". Forbes India. Retrieved 24 May 2020.
  17. "Info Edge's tech start-up investment coffer much larger at Rs 750 cr". Business Standard. Retrieved 24 May 2020.
  18. "Info Edge opens Rs 100 cr venture fund". Economic Times. Retrieved 24 May 2020.
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