Info Edge’s (India) IE Venture Fund I has entered into an agreement to invest about Rs 3.5 crore in Rusk Media. The IE Venture Fund I has agreed to acquire 2,779 -0.01% Seed Series Compulsorily Convertible Preference Shares having Face value of Rs 10 each. The aggregate shareholding of IE Venture Fund I, post this investment, in Rusk Media would be 10% on a fully converted & diluted basis. The said investment would help IE Venture Fund I to support and grow Rusk Media business in India.
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.
