Investments
71Portfolio Exits
6Funds
4About 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.

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
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.

Info Edge Investments Activity

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 | |||||
11/30/2021 | Series B |
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 | ||
Amount | $35M | $1.1M | $4.5M | ||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 7 | 1 | 3 |
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 | 1 | |||
Date | 1/24/2023 | ||||
---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 |
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 | Corporate Majority - II | 2 | ||||
6/1/2022 | Corporate Majority | 1 | ||||
1/24/2022 | Seed / Angel | $0.28M | Acquired | 5 | ||
7/6/2021 | Seed / Angel | |||||
6/14/2021 | Seed / Angel |
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 | |||||
Valuation | |||||
Total Funding | $0.28M | ||||
Note | Corporate Majority - II | Corporate Majority | Acquired | ||
Sources | 2 | 1 | 5 |
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 | ||||
6/4/2020 | IE Venture Fund I | ||||
Info Edge Fund I |
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 | ||||
Status | ||||
Amount | $37.5M | |||
Sources | 1 |
Info Edge Team
11 Team Members
Info Edge has 11 team members, including , .
Name | Work History | Title | Status |
---|---|---|---|
Sanjeev Bikchandani | Founder | Current | |
Name | Sanjeev Bikchandani | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Founder | ||||
Status | Current |
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.