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 The company is a leading provider of various portals related to online recruitment, matrimonial, real estate and education classifieds and related services in India.