Info Edge, a prominent player in India’s startup investment landscape, has announced the launch of a new growth-stage investment fund totaling Rs 250 crore. The newly introduced B8 Fund-I will cater to later-stage companies, potentially extending its capital beyond the initial commitment.
With existing early-stage investment platforms like Info Edge Ventures, Capital 2B, Redstart Labs, and direct investments, Info Edge has a solid foundation in supporting startups. The company has made notable investments in startups such as Gnani AI, Ixigo, Shiprocket, Zingbus, Truemeds, Zomato, and Policybazaar.
The focus of the new fund will be on nurturing growth-stage, tech-enabled startups in India or those primarily serving the Indian market. As a Category II alternative investment fund approved by Sebi, the fund will operate for eight years post its initial closing.
Last year, Info Edge shareholders greenlit an investment plan of up to Rs 1,000 crore in Info Edge Ventures’ third fund, showcasing a strategic move towards strengthening its startup investing platform in collaboration with Temasek, Singapore’s sovereign wealth fund.
For the quarter ending December 31, Info Edge reported a rise in operating revenue to Rs 819 crore, accompanied by a 10% year-on-year increase in net profit to Rs 317 crore from Rs 288 crore.
Source: Entrackr : Latest Posts