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Info Edge's subsidiary, Jeevansathi, is set to invest INR 30 crore into Aisle. This strategic move aims to bolster the growth and development of the dating platform, enhancing its market presence and operational capabilities.
Consumer internet group Info Edge has filed an FIR against Rahul Yadav, founder of 4B Networks, and others for alleged fund misuse. The complaint, registered by the Bandra Police on November 29, 2024, claims fraudulent activities involving 4B Networks’ funds. Info Edge has invested Rs 288 crore in 4B Networks, holding a 59% stake.
RVNL, Swiggy, and NTPC Green are set to join AMFI's largecap list, while IDBI Bank and NHPC may drop to midcap status, according to Nuvama's projections for the first half of 2025. CG Power, Rail Vikas Nigam, and Indus Towers are also expected to transition to largecap, with the largecap cut-off projected to rise to approximately Rs 99,200 billion.
Goldman Sachs has upgraded Info Edge to a Buy rating, raising the target price to Rs 8,600 from Rs 5,700, citing improved demand for Indian IT companies. The recruitment segment is projected to grow at a CAGR of 16% from FY25-28, while 99acres is expected to achieve over 20% revenue growth. Additionally, the stake in Zomato, representing about 33% of Info Edge's market cap, contributes to the positive outlook.
Saurabh Mukherjea of Marcellus Investment Managers attributes Zomato's success to the funding winter that limited competition, creating a duopoly in the food delivery market alongside Swiggy. He emphasizes that strategic business decisions during this period have been crucial for Zomato's growth.
Info Edge (India) Limited
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Info Edge to invest 30 crore in subsidiary Aisle
12:55 17.03.2025
info edge files fir against 4b networks founder for fraud allegations
03:12 02.12.2024
amfi largecap list may include swiggy ntpc green and rvnl
Hyundai Motor Company
ICICI Prudential Life Insurance Company Limited
Cummins Inc.
Info Edge (India) Limited
IND
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11:08 29.11.2024
Goldman Sachs upgrades Info Edge to buy with target of Rs 8600
07:59 22.11.2024
Zomato's success attributed to funding scarcity and strategic business decisions
11:43 31.10.2024
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