Info Edge (India) Limited, the parent company of Naukri.com, has secured shareholder approval to invest nearly $117 million (Rs 1,000 crore) in its third venture fund, Info Edge Venture Investment Fund III, according to its latest regulatory filings.
“Results of the Info Edge shareholders’ postal ballot are in. The proposal to invest up to Rs 1,000 crore in Info Edge Ventures Fund 3 was approved with 99.9995% of votes in favour. Thank you for the vote of confidence in our investing abilities, shareholders,” Info Edge, founder Sanjeev Bikhchandani wrote in a post on X (formerly Twitter) on Sunday.
The latest fund will be managed and sponsored by Smartweb Internet Services Ltd., a wholly-owned subsidiary of Info Edge.
The announcement comes in the wake of Info Edge’s disclosure that its combined stake in Zomato and PB Fintech was valued at Rs 31,500 crore (about $3.7 billion) as of March 31, 2025.
Info Edge has previously launched two venture funds—Fund I in 2020 and Fund II in 2024—targeting early- and growth-stage technology startups across sectors such as consumer internet, SaaS, fintech, and healthtech.
Info Edge Ventures, the venture capital arm of Info Edge (India) Ltd, backs startups from pre-seed to Series A stages, with average investment sizes ranging from $300,000 to $5 million. As of May 2025, the firm has invested in around 111 companies.
