In a major push toward deepening its footprint in India’s startup ecosystem, Info Edge (India) Ltd — the company behind Naukri.com, 99acres, and Jeevansathi — has received near-unanimous shareholder approval to invest up to ₹1,000 crore (approximately $118 million) in its latest venture capital initiative.
The fund, titled “Info Edge Venture Investment Fund III,” will be housed under the Karkardooma Trust and managed by Smartweb Internet Services Ltd., a wholly owned subsidiary of Info Edge.
The green light came through a postal ballot and remote e-voting process, which saw an overwhelming 99.999% of valid votes cast in favour. While the overall voter turnout was 44.28% — with over 57 million of the company’s 129.6 million equity shares voted — both institutional and retail shareholders displayed broad support. Institutional shareholders voted unanimously in favour, and 99.98% of non-institutional public shareholders followed suit.
This strategic move aligns with Info Edge’s growing commitment to backing early and growth-stage tech startups. The fund is expected to invest across high-growth sectors like consumer internet, SaaS, fintech, and healthtech — all of which have been central to Info Edge’s venture strategy in recent years.
This marks Info Edge’s third fund in just five years. Fund I was launched in 2020, followed by Fund II in 2024. With Fund III, the company is doubling down on its mission to help India’s next generation of startups scale with both capital and strategic guidance.
The development also comes at a time when Info Edge is sitting on significant equity value in its portfolio companies. As of March 31, 2025, the company’s combined holding in Zomato and PB Fintech (Policybazaar’s parent) stood at a whopping ₹31,500 crore (around $3.7 billion), reflecting its strong track record of early bets that paid off handsomely.
By continuing to fund emerging startups, Info Edge isn’t just investing capital — it’s reinforcing its reputation as a long-term believer in India’s digital future.
