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Info Edge’s arm plans to invest in Brainsight Technology

21 Dec 2024 Evaluate

Info Edge’s (India) wholly-owned subsidiary -- Redstart Labs (India) has planned to invest an amount of about Rs 3 crore in Brainsight Technology (Brainsight). The Board of Directors of Redstart has agreed to acquire 385 compulsorily convertible preference shares. The aggregate shareholding of the company through Redstart Labs (India), post this investment, in the said entity would be 5.27% on fully converted & diluted basis.

This follow on investment by the company through Redstart Labs (India) is in furtherance of company’s investment strategy, which includes making external financial investments that are focused on value creation in the medium to long term.

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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