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Info Edge’s IE Venture Fund I inks pact to invest Rs 3.5 crore in Rusk Media

24 Jun 2020 Evaluate

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.

Info Edge Share Price

1050.00 -28.15 (-2.61%)
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Peers
Company Name CMP
eClerx Services 1500.00
Info Edge 1050.00
Firstsource Solution 220.05
Affle 3i 1445.00
Hinduja Global Soln. 416.65
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