Naukri.com parent Info Edge’s Q3 net slips 41% QoQ as note ban weighs

NaukriOnline classifieds company Info Edge (India) Ltd, which runs Naukri.com, 99acres.com and Jeevansathi.com, among other online businesses, reported a net profit of Rs 47.1 crore for the third quarter of FY17, down 41.1% from Rs 80 crore of the previous quarter. Year on year, however, profit was up 76.4%. It had posted a net profit […]

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Will increase share of non-IT jobs on Naukri: Info Edge’s Hitesh Oberoi

Hitesh Oberoi, MD & chief executive, Info EdgeIndia’s largest job portal Naukri.com is looking to expand its offering in order to offset the slump in IT hiring. For parent company Info Edge, Naukri is the most profitable vertical, even as its matrimonial and education verticals steadily inch towards profitability. Info Edge’s real estate vertical, 99acres, has seen a setback due to the […]

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Info Edge invests $147K more in Diro Labs

Invest_thnk_stockHiring portal Naukri.com’s parent Info Edge (India) Ltd has invested an additional Rs 1 crore (roughly $147,000) in contacts management startup Diro Labs, the company said in a stock exchange filing. Earlier this year, Info Edge had invested Rs 3 crore ($450,000) in the company. With the new investment, Info Edge now holds 14.77% stake […]

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Zomato to set up kitchens, launch annual membership service to push revenues

Zomato Media Pvt. Ltd will launch two new initiatives – Zomato Red and Zomato Infrastructure Services – to increase revenue and profitability, Mint newspaper reported on Monday. The new initiatives will be rolled out between February and June 2017. In an interview with the daily, Deepinder Goyal, co-founder and chief executive officer, said that he […]

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Zomato hires banker for fresh fundraise, plans to set up cloud kitchens

zomatoGurgaon-based restaurant listing and food delivery firm Zomato Media Pvt. Ltd has hired investment bank Morgan Stanley for its next fundraise, according to a spokesperson of the company.  Further details were not revealed. In its last funding round in September 2015, the company had raised $60 million from Singapore government’s investment firm Temasek and existing […]

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Naukri parent Info Edge’s Q1 profit jumps 55% as 99acres cuts losses

Jumps33Online classifieds company Info Edge (India) Ltd, which runs Naukri.com, 99acres.com and Jeevansathi.com among others, reported 55% jump in net profit for the first quarter as it cut losses under its realty portal in the first quarter ended June 30, 2016. The firm posted standalone net profit of Rs 44.35 crore against Rs 28.62 crore […]

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HappilyUnmarried.com raises $740K more from Naukri parent Info Edge

HappyunmarriedlyInfo Edge (India) Ltd, which runs a slew of consumer internet properties such as Naukri, 99acres, Jeevansathi and Shiksha, has infused Rs 5 crore ($740,000) more into in Delhi-based Happily Unmarried Marketing Pvt Ltd, the company behind HappilyUnmarried.com. With this infusion, Info Edge’s total investment in Happily Unmarried is now Rs 21.3 crore and it […]

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