Technology

Info Edge set to invest Rs 190 mn in two firms

MUMBAI: Info Edge (India), which owns and operates Naukri.com, plans to invest Rs 190 million in two separate companies as it pushes for expansion.
  
Info Edge proposes to invest Rs 100 million in Etechaces Marketing and Consulting, a company which is engaged in distribution of financial products online. This is a follow-up investment after India’s premier online classifieds company in recruitment, matrimony, real estate and education had lent support to Etechaces Marketing and Consulting in the first round of funding to the tune of Rs 200 million. 
 
Info Edge has also approved an investment of Rs 90 million in Kinobeo Software, a company that is involved in the business of providing online group deals through their website mydala.com.


Info Edge (India), a listed entity, runs a bouquet of websites including online matrimony site jeevansathi.com and online real estate classifieds website 99acres.com.
 

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