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Info Edge becomes majority shareholder in Zomato

New Delhi, Feb 22: Info Edge India Ltd, which runs the recruitment site Naukri.com, has raised its stake in restaurant guide service, Zomato Media Pvt. Ltd, to 57.9 per cent. The company, which had already

India TV Business Desk [ Updated: February 22, 2013 11:36 IST ]
info edge becomes majority shareholder in zomato
info edge becomes majority shareholder in zomato

New Delhi, Feb 22: Info Edge India Ltd, which runs the recruitment site Naukri.com, has raised its stake in restaurant guide service, Zomato Media Pvt. Ltd, to 57.9 per cent.




The company, which had already invested Rs 31 crore in Zomato in three rounds of funding, announced further investment of Rs 55 crore to increase its shareholding from 48 per cent to 57.9 per cent.    

Info Edge founder Sanjeev Bikhchandani said his company's acquisition of a majority shareholding will not change the operational relationship with Zomato.

Already, Info Edge has invested about Rs 500 crore in Internet businesses such as classifieds for real estate (99acres.com), matrimony (Jeevansathi.com), education (Shiksha.com) and jobs, of which only Naukri.com is profitable.

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