Info Edge enters into contribution agreements with schemes of AIFs
18th Apr 2022

Info Edge (India) has approved entering into contribution agreements with three schemes of the Alternate Investment Funds (AIFs) to commit contribution of up to Rs 1,300 crore in aggregate. The three schemes are Info Edge Venture Fund Follow-on I, a scheme of Info Edge Venture Fund (Follow on I); Info Edge Venture Investment Fund II, a scheme of Info Edge Capital (Fund 2A); and Capital 2B Fund I, a scheme of Capital 2B (Fund 2B).

The contributions can be made by the Company directly or through wholly owned subsidiary(ies) in accordance with the multiple drawdowns by the respective funds over the years. The said investment is in line with company’s strategy on external financial investments that are focused on value creation in medium to long term prospects of the company.

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