Info Edge (India) through its wholly-owned subsidiary, has invested an additional amount of Rs 5.00 crore through optionally convertible cumulative redeemable preference shares in Happily Unmarried Marketing, which is engaged in the business of sale of creative products and a grooming range for men, Ustraa. It owns and operates the site www.happilyunmarried.com.
Accordingly, the aggregate investment, including the above, is now Rs 21.30 crore in Happily Unmarried which translates to about 48% stake, as on date which may change on account of conditions in investment/shareholder agreement in the company on a fully converted and 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.