Info Edge shareholders approve Rs 1,000 crore investment in its VC fund
Info Edge
(India) Ltd, the parent of Naukri.com, have approved a proposal to invest up to Rs 1,000 crore in
Info Edge
Ventures Fund III, paving the way for the Noida-based firm to ramp up its
startup investments
.
Smartweb Internet Services Ltd, a wholly owned subsidiary of Info Edge, will act as both the investment manager and sponsor of the fund.
'The members of the company have approved the resolution with requisite majority through remote e-voting/postal ballot,' Info Edge said in a stock exchange filing on Saturday. A total of 1,274 members participated in the vote, of which 1,271 valid votes were considered.
The proposal was cleared with 99.9995% votes in favour, cofounder
Sanjeev Bikhchandani
wrote in a post on X (formerly Twitter).
— sbikh (@sbikh)
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Info Edge has been an early investor in the Indian startup ecosystem, with bets on companies such as
Zomato
(now
Eternal
) and
PB Fintech
(
Policybazaar
).
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Earlier this month, Bikhchandani said in a letter to shareholders that Info Edge's stakes in
Zomato
and
PB Fintech
were together valued at Rs 31,500 crore (approx. $3.7 billion) as of March 31, 2025.
Investment snapshot:
Total capital deployed across startups: Rs 3,959 crore (approx. $467 million)
Fair market value of investments: Rs 36,855 crore (approx. $4.3 billion)
Gross internal rate of return (IRR): Over 36% annually
Number of companies backed: 111
Startups with co-investors/follow-on rounds: 76
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