Info Edge
 | This article may rely excessively on sources too closely associated with the subject, potentially preventing the article from being verifiable and neutral. (May 2020) |
 | It has been suggested that this article be merged with Sanjeev Bikhchandani. (Discuss) Proposed since July 2020. |
 | |
| Company type | Public company |
|---|---|
| NSE: NAUKRI BSE: 532777 | |
| Industry | Internet |
| Founded | 1995 |
| Founders | Sanjeev Bikhchandani[1] |
| Headquarters | , |
Key people | Hitesh Oberoi (CEO)[2][3] |
| Products | Naukri.com Jeevansathi.com 99Acres.com Shiksha.com |
| Revenue |  ₹1,360.3 crore (US$160 million) (FY 2020)[4] |
| ₹402.7 crore (US$48 million) (FY 2020)[4] | |
 ₹200.8 crore (US$24 million) (FY 2020)[4] | |
| Subsidiaries | Zomato (22.7%) PolicyBazaar (15.1%) |
| Website | www |
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]
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
- ^ "Why Sanjeev Bikhchandani, the Naukri man, wants to be a builder and funder with Info Edge". Economic Times. Retrieved 24 May 2020.
- ^ "Trying on new hats". Business Today. Retrieved 24 May 2020.
- ^ "How a sales-obsessed company has been developing its tech muscle". The Economic Times. Retrieved 24 May 2020.
- ^ a b c "ANNUAL REPORT 2019-20" (PDF). www.infoedge.in. Retrieved 27 November 2020.
- ^ "Info Edge: Getting the job done". Forbes India. Retrieved 24 May 2020.
- ^ "Info Edge spreads its start-up investments". Livemint. Retrieved 24 May 2020.
- ^ "Hottest India Internet Stock Surging Despite Valuation Fears". Bloomberg.com. 18 November 2020. Retrieved 27 November 2020.
- ^ "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.
- ^ Pengonda, Pallavi (8 September 2020). "Zomato valuation upgrade holds key to prospects of re-rating in Info Edge". mint. Retrieved 27 November 2020.
- ^ "Info Edge confirms Ant Financial's $150 million capital infusion in Zomato". Economic Times. Retrieved 24 May 2020.
- ^ "Info Edge raises capital to tap inorganic opportunities; flexible on investments in Zomato, PolicyBazaar". www.timesnownews.com. Retrieved 27 November 2020.
- ^ "Info Edge confirms Tencent investment in PolicyBazaar; may consider Zomato stake sale in April-May". TechCircle. Retrieved 24 May 2020.
- ^ a b "Info Edge: Investing in ideas". www.fortuneindia.com. Retrieved 27 November 2020.
- ^ "Info Edge (India) Ltd". Business Standard. Retrieved 24 May 2020.
- ^ "Investments In AI, Revenue Growth May Stem Fall In Margin, Says Info Edge". Bloomberg Quint. Retrieved 24 May 2020.
- ^ "Info Edge's biggest edge". Forbes India. Retrieved 24 May 2020.
- ^ "Info Edge's tech start-up investment coffer much larger at Rs 750 cr". Business Standard. Retrieved 24 May 2020.
- ^ "Info Edge opens Rs 100 cr venture fund". Economic Times. Retrieved 24 May 2020.