Info Edge, one of India’s premier internet-based business companies, announced that its IE Venture Fund I is to invest about $1.45 million in Dot (Dotpe). Dot was founded in 2019. Dot’s vision is to enable offline enterprises to drive digital transformation in turn significantly improving offline experience and engaging closely with their customers to sell more, sell directly and sell efficiently.
Recently, Info Edge’s IE Venture Fund I had invested about $3.5 million in Qyuki Digital Media. The said investment would help IE Venture Fund I to support and grow Qyuki’s business in India. IE Venture Fund I has agreed to acquire 916,356 CCPS of Qyuki. Qyuki is a data-driven new media company which discovers and invests in India’s most influential KOLs (Key Opinion Leaders) to help them rapidly grow their audience, create content and launch scalable D2C brands.
Info Edge (India) has set up an Alternative Investment Fund named Info Edge Venture Fund (“IEVF”) to invest in tech and tech-enabled entities that provide technology to create market and distribute innovative products and services that benefit consumers at large. The company has entered into a contribution agreement to invest about Rs 100 crore in IE Venture Fund I.
In the last decade, Info Edge has been investing in businesses that have been initially developed by separate entrepreneurs with dedicated management teams. Each of these businesses are backed externally with inputs from Info Edge.
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