Info Edge’s holding along with its wholly owned subsidiary in Zomato Media (Zomato) on a fully converted and diluted basis, has dropped to about 47%. This fall has been pursuant to investment by existing shareholders in Zomato.
Zomato Media owns and operates an online food guide portal www.Zomato.com, has signed definitive agreements to raise close to Rs 390 crore (approximately $60 million) led by Singapore investment company Temasek with participation from existing shareholder Vy Capital. The company including its wholly owned subsidiary did not participate in the present round of investment.
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.
