Tech
Info Edge shareholders approve Rs 1,000 crore investment in its VC fund
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Shareholders of Info Edge (India) Ltd, the parent of Naukri.com, have approved a proposal to invest up to Rs 1,000 crore in Info Edge Ventures Fund III, paving the way for the Noida-based firm to ramp up its startup investments.
Smartweb Internet Services Ltd, a wholly owned subsidiary of Info Edge, will act as both the investment manager and sponsor of the fund.
“The members of the company have approved the resolution with requisite majority through remote e-voting/postal ballot,” Info Edge said in a stock exchange filing on Saturday. A total of…
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