Info Edge (India) Ltd, has invested about Rs. 5 Cr in Terralytics Analysis Pvt. Ltd. Terralytics is engaged in the business of developing real estate intelligence and analytics platform for sale to banks, developers, consulting firms, etc. for diligence, information and other purposes.
The aggregate shareholding of Info Edge, post this investment, in Terralytics would be 20% on fully converted diluted basis.
In its statement, Info Edge said – “The investment would help the Company to further strengthen its position in the real estate technology segment.”
Terralytics was incorporated on October 15, 2018. The company has been founded by Kshitij Batra, and Rohan Sridhar. Khhitij has earlier been with IDFC, Housing.com, and was a consultant with the World Bank Group. Rohan is a law graduate and has earlier worked with AZB & Partners, IDFC Institute amongst others.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.
Info Edge India Ltd, which operates recruitment portal Naukri.com, has entered into an agreement to acquire 100% of the share capital of Zwayam Digital Pvt Ltd. Zwayam Digital Pvt Ltd operates Zwayam, artificial intelligence and machine learning-powered recruitment management software platform, which helps enterprises streamline and automate the entire recruitment workflow from sourcing…
Info Edge (India) Ltd, one of India's premier internet based business that runs Naukri.com and 99acres.com, announced it has invested about ₹7 crore in Medcords Healthcare Solutions Private Limited, stated in its stock-exchange filing. According to the Info Edge statement, the funds would support and grow Medcords' business in India.…
Info Edge Ltd, one of India’s premier internet based business that runs Naukri.com and 99acres.com, announced that it will be investing in two companies via IE Venture Fund I, its investment vehicle that focusses on technology-based startups, according to a VCCircle report. The investments will be made in Fanbuff Esports…
In "Investment"
What's your take on this post ? Comment:Cancel reply
