Search company, investor...

Predict your next investment

Corporation
INTERNET | Internet Software & Services / Social
infoedge.in

Investments

71

Portfolio Exits

6

Funds

4

About Info Edge

Info Edge provides research and insight to independent IT, business management, and HR research firms. It owns recruitment, real estate, matrimony, education, investee companies, and research websites. The company was founded in 1995 and is based in Noida, India.

Headquarters Location

B - 8, Sector - 132

Noida, 201301,

India

+91-120-4841100

Want to inform investors similar to Info Edge about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Latest Info Edge News

Buy Info Edge (India); target of Rs 4876: Sharekhan

May 31, 2023

Sharekhan is bullish on Info Edge (India) has recommended buy rating on the stock with a target price of Rs 4876 in its research report dated May 29, 2023. Broker Research Buy Info Edge delivered a decent performance with standalone revenue at Rs. 564 crore, up 23.8% y-o-y /1.6% q-o-q, in line with our estimates of Rs. 564.3 crore led by growth in revenues across recruitment solutions and 99acres.com. EBITDA margins improved 1,100 bps y-o-y but was flattish q-o-q at 39.1% in Q4FY23, beating our estimates by ~190 bps led by a decline in advertising & promotion costs, but was offset by higher other expenses, employee costs and network and direct charges. The management indicated that non-IT hiring is solid, and that the company is working on fine-tuning products across non- IT as they expect to see softness continue in IT hiring for couple of quarters. The company has made changes to the 99acres platform, which is evident from the strong billing growth in the segment in Q4FY23. Outlook We maintain a Buy on Info Edge with a revised SOTP based PT of Rs. 4,876 (the increase in PT reflects rollover of valuation multiple to FY25E earnings) given the strong traction in non-IT hiring, growth momentum across 99acres.com and Shiksha.com and trimming of losses across other investments. At the CMP, the stock trades at 68.7x/58.3x FY24E/FY25E EPS and 57.6x/48.8x FY24E/FY25E EV/EBITDA.

Info Edge Investments

71 Investments

Info Edge has made 71 investments. Their latest investment was in Adda247 as part of their Series C on October 10, 2022.

CBI Logo

Info Edge Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/3/2022

Series C

Adda247

$35M

No

7

7/20/2022

Seed

Growcoms

$1.1M

Yes

1

4/5/2022

Seed VC - II

CynLr

$4.5M

Yes

3

2/16/2022

Corporate Minority

Subscribe to see more

$99M

Subscribe to see more

10

11/30/2021

Series B

Subscribe to see more

$99M

Subscribe to see more

10

Date

10/3/2022

7/20/2022

4/5/2022

2/16/2022

11/30/2021

Round

Series C

Seed

Seed VC - II

Corporate Minority

Series B

Company

Adda247

Growcoms

CynLr

Subscribe to see more

Subscribe to see more

Amount

$35M

$1.1M

$4.5M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

7

1

3

10

10

Info Edge Portfolio Exits

6 Portfolio Exits

Info Edge has 6 portfolio exits. Their latest portfolio exit was Gramophone on January 24, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/24/2023

Acquired

$99M

1

11/15/2021

IPO

Subscribe to see more

$99M

Subscribe to see more

10

7/16/2021

IPO

Subscribe to see more

$99M

Subscribe to see more

10

4/16/2021

Divestiture

Subscribe to see more

$99M

Subscribe to see more

10

7/31/2018

Shareholder Liquidity

Subscribe to see more

$99M

Subscribe to see more

10

Date

1/24/2023

11/15/2021

7/16/2021

4/16/2021

7/31/2018

Exit

Acquired

IPO

IPO

Divestiture

Shareholder Liquidity

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

10

10

10

Info Edge Acquisitions

14 Acquisitions

Info Edge acquired 14 companies. Their latest acquisition was Broker Network on September 01, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/1/2022

$99M

Corporate Majority - II

2

6/1/2022

$99M

Corporate Majority

1

1/24/2022

Seed / Angel

$99M

$0.28M

Acquired

5

7/6/2021

Seed / Angel

Subscribe to see more

$99M

$99M

Subscribe to see more

10

6/14/2021

Seed / Angel

Subscribe to see more

$99M

$99M

Subscribe to see more

10

Date

9/1/2022

6/1/2022

1/24/2022

7/6/2021

6/14/2021

Investment Stage

Seed / Angel

Seed / Angel

Seed / Angel

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$0.28M

$99M

$99M

Note

Corporate Majority - II

Corporate Majority

Acquired

Subscribe to see more

Subscribe to see more

Sources

2

1

5

10

10

Info Edge Fund History

4 Fund Histories

Info Edge has 4 funds, including IE Venture Investment Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/28/2022

IE Venture Investment Fund II

$37.5M

1

4/28/2022

Info Edge Venture Fund II

$99M

10

6/4/2020

IE Venture Fund I

$99M

10

Info Edge Fund I

Subscribe to see more

Subscribe to see more

10

Closing Date

4/28/2022

4/28/2022

6/4/2020

Fund

IE Venture Investment Fund II

Info Edge Venture Fund II

IE Venture Fund I

Info Edge Fund I

Fund Type

Subscribe to see more

Status

Subscribe to see more

Amount

$37.5M

$99M

$99M

Sources

1

10

10

10

Info Edge Team

11 Team Members

Info Edge has 11 team members, including , .

Name

Work History

Title

Status

Sanjeev Bikchandani

Founder

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Sanjeev Bikchandani

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Work History

Title

Founder

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.