MoneyWorks4Me

Info Edge’s IE Venture Fund gets Rs 375 crore commitment from Temasek

18 Dec 2020 Evaluate

Info Edge’s (India) IE Venture fund has received Rs 375 crore commitment from Temasek. Info Edge Ventures is Rs 750 crore early-stage venture capital fund backed by Info Edge, parent company of Naukri. The fund was launched in January this year. Temasek, a global investment company headquartered in Singapore, has committed Rs 375 crore (about $50 million) to the fund, which will continue to explore India-focused opportunities enabled by technology.

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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