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Info Edge to invest $3.5 m in 99labels.com

12 May 2011 Evaluate

Info Edge, an IT firm that owns Naukri.com, will pick up stake in 99labels.com, investing about $3.5 million in the web portal. Of the total investment, a small portion will go towards buying stake from some shareholders and the rest will be used for funding the portal’s growth.

99labels.com partners with brands across fashion apparel, lifestyle products, accessories, footwear, watches, jewellery, fragrances and home decor to sell its products online. The investment will go towards increasing the company’s international brand offerings and creating awareness among target audience more aggressively. crackcrack

Info Edge Share Price

978.45 -3.45 (-0.35%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
eClerx Services 1666.95
Info Edge 978.45
Firstsource Solution 274.20
Affle 3i 1506.65
Hinduja Global Soln. 445.40
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