Info Edge (India)’s shareholding in Etechaces Marketing and Consulting (Etechaces) stands reduced to about 23%. Etechaces is a company which owns and operates the site www.policybazaar.com.
The company initially owned about 32% in Etechaces. Etechaces had undertaken ESOP dilution of about 10% and raised funding of about Rs 119 crore, consequent to which the company’s shareholding in Etechaces stands reduced to about 23%. The company has not participated in this round of fund raising by Etechaces.
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. The company has a network of 67 offices spread across in 41 cities in India.
