MoneyWorks4Me

Info Edge picks up stake in Vcare Technologies and Unnati Online

16 Jun 2016 Evaluate

Info Edge (India) through its wholly-owned subsidiary, has invested Rs 3 crore in Vcare Technologies through convertible preference shares for acquiring a 11.5% stake, on fully converted & diluted basis.

The company has also invested Rs 4 crore in Unnati Online, through convertible preference shares for acquiring about 28.5% stake, on fully converted & diluted basis.

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.

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