Info Edge

{{short description|Indian multinational technology company}}

{{Use Indian English|date=March 2020}}

{{Use dmy dates|date=April 2021}}

{{Infobox company

| name = Info Edge (India) Limited

| logo = Infoedgelogo.png

| logo_size =

| caption =

| type = Public

| genre =

| ISIN = INE663F01024

| traded_as = {{plainlist|

  • {{NSE|NAUKRI}}
  • {{BSE|532777}}

}}

| predecessor =

| successor =

| foundation = {{start date and age|1995}}

| location_city = Noida, Uttar Pradesh

| location_country = India

| locations =

| area_served = India, United Arab Emirates, Bahrain, Saudi Arabia

| founder = Sanjeev Bikhchandani{{cite news |title=Why Sanjeev Bikhchandani, the Naukri man, wants to be a builder and funder with Info Edge |url=https://economictimes.indiatimes.com/small-biz/entrepreneurship/why-sanjeev-bikhchandani-the-naukri-man-wants-to-be-a-builder-and-funder-with-info-edge/articleshow/45892016.cms |access-date=24 May 2020 |work=Economic Times}}

| key_people = Hitesh Oberoi (CEO){{cite news |title=Trying on new hats |url=https://www.businesstoday.in/magazine/features/info-edge-looks-for-newer-avenues-of-growth-amid-slowdown/story/205365.html |access-date=24 May 2020 |work=Business Today}}{{cite news |title=How a sales-obsessed company has been developing its tech muscle |url=https://economictimes.indiatimes.com/small-biz/startups/how-a-sales-obsessed-company-has-been-developing-its-tech-muscle/articleshow/60916296.cms |access-date=24 May 2020 |work=The Economic Times}}

| industry = {{plainlist|

}}

| products = {{plainlist|

}}

| services = {{plainlist|

}}

| revenue = {{increase}} {{INRconvert|2536|c}} (FY24){{cite news |title=Outcome of the Board Meeting- May 16, 2024 |url=https://www.bseindia.com/xml-data/corpfiling/AttachLive/7bbf56cb-7ed1-4709-beef-2c51f7eda139.pdf |access-date=17 May 2024 |publisher=BSE}}

| operating_income = {{increase}} {{INRconvert|1119|c}} (FY24)

| net_income = {{increase}} {{INRconvert|594|c}} (FY24)

| aum =

| assets =

| equity =

| owner =

| num_employees = 4,049 (2022)

| subsid =

| homepage = {{URL|http://www.infoedge.in}}

| footnotes =

}}

Info Edge is an Indian technology holding company which owns, operates and invests in internet-led businesses.{{cite news |title=HSBC values Info Edge's stake in Zomato at $1.1 billion; stock jumps 5% |url=https://www.business-standard.com/article/markets/hsbc-values-info-edge-s-stake-in-zomato-at-1-1-billion-stock-jumps-5-120090200732_1.html |access-date=28 April 2021 |work=Business Standard India |date=2 September 2020}} 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.{{cite news |title=Info Edge: Getting the job done |url=https://www.forbesindia.com/article/work-in-progress/info-edge-getting-the-job-done/52251/1 |access-date=24 May 2020 |work=Forbes India}}{{cite news |title=Info Edge spreads its start-up investments |url=https://www.livemint.com/Home-Page/fwn1WW3cJGwa6XpbstDTZK/Info-Edge-makes-additional-investment-in-Zomatocom.html |access-date=24 May 2020 |work=Livemint}} As of 2018, more than 70 percent of the company's revenue came from Naukri.com.{{cite news |title=Investments In AI, Revenue Growth May Stem Fall In Margin, Says Info Edge |url=https://www.bloombergquint.com/business/investments-in-ai-revenue-growth-may-stem-fall-in-margin-says-info-edge |access-date=24 May 2020 |work=Bloomberg Quint}}{{cite news |title=Info Edge's biggest edge |url=https://www.forbesindia.com/article/leaderboard/info-edges-biggest-edge/50493/1 |access-date=24 May 2020 |work=Forbes India}}

As of September 2020, it also held minority stakes in 23 online companies{{cite news |title=Hottest India Internet Stock Surging Despite Valuation Fears |url=https://www.bloomberg.com/news/articles/2020-11-18/hottest-internet-stock-in-india-surging-despite-valuation-fears |access-date=27 November 2020 |work=Bloomberg.com |date=18 November 2020 |language=en}} including two unicorns{{cite news |title=It's an internet platform. It's a holding company. It's a VC fund. It's Info Edge! |url=https://the-ken.com/story/info-edge-various-faces/ |access-date=24 May 2020 |work=The Ken}}—the food delivery company Zomato (15.23% stake, as of July 2021){{cite news |last1=Shah |first1=Sneha |title=Info Edge clocks a return of 1,050 times on Zomato investment |url=https://economictimes.indiatimes.com/tech/startups/infoedges-rs-4-7-crore-investment-in-zomato-is-now-worth-rs-15000-crore/articleshow/84678085.cms |access-date=25 January 2022 |work=The Economic Times}} and the insurance aggregator Policybazaar (13.3% stake, as of November 2021).{{cite news |title=Info Edge, SoftBank among biggest winners as Policybazaar lists |url=https://economictimes.indiatimes.com/tech/startups/info-edge-softbank-among-biggest-winners-as-policybazaar-lists/articleshow/87721532.cms |access-date=25 January 2022 |work=The Economic Times}}{{cite news |title=Info Edge raises capital to tap inorganic opportunities; flexible on investments in Zomato, PolicyBazaar |url=https://www.timesnownews.com/business-economy/companies/article/info-edge-raises-capital-to-tap-inorganic-opportunities-flexible-on-investments-in-zomato-policybazaar/634570 |access-date=27 November 2020 |work=www.timesnownews.com |language=en}}

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.{{cite news |title=The amazing story of the making of Naukri.com |url=https://www.rediff.com/money/2007/jan/24inter.htm |access-date=6 February 2023 |work=Rediff}} It then launched Jeevansathi.com in 1998, 99acres.com in 2005 and Shiksha.com in 2008. Info Edge went public in 2006 under the ticker symbol "Naukri".{{cite news |title=Info Edge (India) Ltd. |url=https://www.business-standard.com/company/info-edg-india-18844/information/company-history |access-date=24 May 2020 |work=Business Standard}} It launched offshoots of Naukri such as NaukriGulf.com for Gulf countries in 2006{{cite news |title=Naukri.com enters Middle-East market |url=https://www.tribuneindia.com/2006/20060402/ldh1.htm#2 |access-date=6 February 2023 |work=Tribune India}} and FirstNaukri.com for campus recruitment in 2009.{{cite news |last1=Mukherjee |first1=Pradipta |title=Info Edge plans portal for freshers |url=https://www.business-standard.com/article/technology/info-edge-plans-portal-for-freshers-109012801046_1.html |access-date=6 February 2023 |work=Business Standard India |date=28 January 2009}}

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.{{cite news |title=Info Edge: Investing in ideas |url=https://www.fortuneindia.com/enterprise/info-edge-investing-in-ideas/104586 |access-date=27 November 2020 |work=www.fortuneindia.com |language=en}} Between 2010 and 2013, Info Edge invested a total of {{INR}}86 crore in Zomato across four rounds and became the controlling shareholder in Zomato.{{cite news |title=Info Edge invests $10M afresh in Zomato, values firm at around $55M |url=https://www.vccircle.com/info-edge-invests-10m-afresh-zomato-values-firm-around-55m |access-date=3 January 2023 |work=VCCircle}} Zomato ceased to be a subsidiary of Info Edge in September 2015.{{cite news |last1=Verma |first1=Shrutika |title=Zomato raises fresh funds of $60 million, taking Info Edge's stake down to 47% |url=https://www.livemint.com/Companies/zi7r9EP4TLuEI4H4QuqHbO/Zomato-raises-60-million-from-Temasek-Holdings-others.html |access-date=6 February 2023 |work=mint |date=7 September 2015 |language=en}}

In 2020, the company set up an alternative investment arm called Info Edge Ventures{{cite news |last1=Das Gupta |first1=Surajeet |title=Info Edge founder wants a hat-trick after Zomato, PolicyBazaar success |url=https://www.business-standard.com/article/companies/info-edge-founder-wants-a-hat-trick-after-zomato-policybazaar-success-120090100002_1.html |access-date=16 February 2023 |work=Business Standard |date=1 September 2020 |language=en}} under which it started Info Edge Venture Fund, a venture capital fund to invest in early-stage technology startups.{{cite news |title=Info Edge's tech start-up investment coffer much larger at Rs 750 cr |url=https://www.business-standard.com/article/pti-stories/info-edge-s-tech-start-up-investment-coffer-much-larger-at-rs-750-cr-120012401695_1.html |access-date=24 May 2020 |work=Business Standard}}{{cite news |title=Info Edge opens Rs 100 cr venture fund |url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/info-edge-opens-rs-100-cr-venture-fund/articleshow/73571711.cms |access-date=24 May 2020 |work=Economic Times}} As of 2022, Info Edge Ventures has three investment funds–Info Edge Venture Fund, Info Edge Capital, and Capital 2B.{{cite news |title=Temasek to invest $162.5 million in three Info Edge Ventures funds |url=https://www.moneycontrol.com/news/business/temasek-to-invest-162-5-million-in-three-info-edge-ventures-funds-8426421.html |access-date=16 February 2023 |work=Moneycontrol |language=en}}

Acquisitions

class="wikitable"

!Year

!Company

!Type

!Ref.

2017

|AmbitionBox

|workplace discovery platform

|{{cite news |title=Info Edge brings AmbitionBox under its fold |url=https://economictimes.indiatimes.com/tech/ites/info-edge-brings-ambitionbox-under-its-fold/articleshow/58161029.cms |access-date=14 March 2021 |work=The Economic Times}}

2019

|iimjobs.com
hirist.tech

|job portals

|{{cite news |last1=Nanda |first1=Prashant K. |title=Naukri.com acquires recruitment portals iimjobs.com and hirist.com |url=https://www.livemint.com/companies/news/naukri-com-acquires-recruitment-portals-iimjobs-com-and-hirist-com-1559019337562.html |access-date=6 February 2023 |work=mint |date=28 May 2019 |language=en}}

2021

|Zwayam

|HR software

|{{cite news |last1=Ghosh |first1=Debangana |title=Info Edge to acquire HR SaaS startup Zwayam to boost Naukri's growth |url=https://www.thehindubusinessline.com/companies/info-edge-to-acquire-hr-saas-startup-zwayam-to-boost-naukris-growth/article34802786.ece |access-date=6 February 2023 |work=The Hindu Businessline |date=13 June 2021 |language=en}}

2021

|DoSelect

|HR and skilling platform

|{{cite news |title=Naukri parent Info Edge acquires HR tech startup DoSelect |url=https://economictimes.indiatimes.com/tech/startups/naukri-com-parent-info-edge-acquires-hr-tech-startup-doselect/articleshow/84670447.cms |access-date=6 February 2023 |work=The Economic Times |date=23 July 2021}}

2022

|Aisle

|dating app

|{{cite news |last1=Kumar |first1=V. Sajeev |title=Tech company Info Edge takes 76% stake in dating app Aisle |url=https://www.thehindubusinessline.com/info-tech/tech-company-info-edge-takes-76-stake-in-dating-app-aisle/article65230161.ece |access-date=6 February 2023 |work=The Hindu Businessline |date=16 March 2022 |language=en}}

2022

|Broker Network

|real estate broker platform

|{{cite news |last1=Upadhyay |first1=Harsh |title=Info Edge acquires majority stake in Rahul Yadav's startup 4B Networks |url=https://entrackr.com/2022/05/info-edge-acquires-majority-stake-in-rahul-yadavs-startup-4b-networks/ |access-date=6 February 2023 |work=Entrackr |date=31 May 2022}}

2022

|Coding Ninjas

|edtech platform

|{{cite news |title=Info Edge gains on acquiring controlling stake in CodingNinjas |url=https://www.business-standard.com/article/news-cm/info-edge-gains-on-acquiring-controlling-stake-in-codingninjas-122100600433_1.html |access-date=6 February 2023 |work=Business Standard India |date=6 October 2022}}

2019

|BigShyft

|recruitment

|

Affiliated companies

References

{{Reflist}}