Key Highlights
- Info Edge Approves Rs 1,000 Crore Investment in New Startup Fund "Info Edge Venture Investment Fund III."
- Shareholders Back Info Edge’s Latest Venture Fund with 99.999 percent Vote Approval.
- Info Edge's Latest Fund Focuses on Early-Stage Tech Startups in SaaS, Fintech, and Healthtech.
A related party transaction involving an investment of up to Rs. 1,000 crore (roughly $118 million) in Info Edge (India) Limited's newest startup-focused fund, "Info Edge Venture Investment Fund III," under the Karkardooma Trust, has been approved by shareholders. Info Edge (India) Limited is the parent company of Naukri.com.
Regulatory documents state that 99.999 percent of legitimate votes were cast in favor of the resolution, which was approved by postal ballot by remote electronic voting. With 57.37 million votes cast out of 129.6 million equity shares, the participation rate was 44.28 percent.
99.98 percent of public non-institutional shareholders supported the motion, and public institutional shareholders voted unanimously in favor.
Smartweb Internet Services Ltd., a fully owned subsidiary of Info Edge, will oversee and support the fund.
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This comes after Info Edge said that, as of March 31, 2025, their total stake in Zomato and PB Fintech was Rs. 31,500 crore, or almost $3.7 billion.
With an emphasis on early- and growth-stage tech businesses in industries like consumer internet, SaaS, fintech, and healthtech, Info Edge has previously launched two venture funds, Fund I in 2020 and Fund II in 2024.
