Info Edge plans to co-invest with Temasek to fund start-ups
4th May 2022

Info Edge (India) is planning to co-invest with global investment firm Temasek in three schemes that will have a total corpus of $325 million (about Rs 2,800 crore) for funding start-ups.

Since 2007 the company has invested approximately $250 million in the first three phases in various start-ups including Zomato and Policy Bazaar that have grown to become listed entities. The fourth phase of Info Edge early-stage investing journey began in 2019 when it decided to set up a Venture Capital Fund, namely Info Edge Venture Fund (IEVF).

The first scheme of IEVF, namely IE Venture Fund I (IEVF-I) was capitalized with Rs 750 crores with 50 per cent being invested by Info Edge and 50 per cent by Temasek and it has invested in 28 start-ups in the first and second rounds of their fundraise picking up a large majority stake in them. The total size of all the three proposed funds/schemes together is $325 million with Temasek committing 50 per cent and Info Edge seeking to commit 50 per cent.

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.