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.