Info Edge invests Rs 140 crore in Allcheckdeals India
26th Mar 2022

Info Edge India has invested an amount of Rs 140 crore in Allcheckdeals India (ACD), wholly owned subsidiary of the Company. The said investment is to further strengthen the wholly owned Subsidiary financially in order for it to pursue its strategy of developing services with the use of technology and innovative business models in the large sized and rapidly growing real estate vertical through organic or inorganic channels. This would enhance value of the company's investments on the one hand and on the other, it will boost synergies with the Company’s operating business in the same vertical.

Info Edge (India) owns one of the leading job portals naukri.com. The company is a leading provider of various portals related to online recruitment, matrimonial, real estate and education classifieds and related services in India.