Info Edge invests Rs 3.70 crore in Terralytics Analysis
12th Apr 2022

Info Edge (India) has invested about Rs 3.70 crore in Terralytics Analysis. This investment would help the company to strengthen its offering in the real estate segment by providing an enhanced platform to real estate industry professionals, financial institutions and individual buyers to conduct their business efficiently.

The company has agreed to acquire 6,650 Compulsorily Convertible Preference Shares as part of a larger fund raise exercise by Terralytics. Upon the successful closing of the said fund raise exercise, the aggregate shareholding of the company in the said entity would be 20.50% on a fully converted & diluted basis.

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.