Info Edge invests Rs 13.50 crore in Canvera Digital Technologies

18 Mar 2014

Info Edge (India) has invested an additional amount of about Rs 13.50 crore (being Info Edge's share of a total raise of Rs 15 crore) through optionally convertible cumulative redeemable preference shares in Canvera Digital Technologies, which is engaged in the business of providing solutions to professional photographers. It owns and operates the site www. canvera .com. The aggregate investment is now Rs 57 crore in Canvera Digital Technologies which translates to about 32% stake in the Company on a fully converted and diluted basis.

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. The company has a network of 67 offices spread across in 41 cities in India.

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