Info Edge (India) through its wholly owned subsidiary, has invested an amount of about Rs 155 crore in Zomato Media, being Info Edge’s proportionate share of Zomato’s recent fund raise of $50 million. Zomato Media (Zomato) owns and operates the restaurant search app and website by the name of Zomato.
Upon completion of the allotment of shares against the said investment, aggregate amount of investment in Zomato will be about Rs 484 crore. Info Edge along with its wholly owned subsidiary will continue to hold, on a fully converted and diluted basis, 50.1% of Zomato.
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.