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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Naukri parent Info Edge’s Q2 profit more than doubles

Info EdgeInfo Edge (India) Ltd has reported a more than doubling of net profit for the fiscal second quarter, as earnings from the Naukri.com hiring services business jumped and losses at its 99acres.com real-estate portal shrank. Standalone net profit for the quarter through September surged to Rs 80.07 crore from Rs 30.81 crore a year earlier, […]

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Jeevansathi.com turns profitable for the first time in 10 years

JeevansathiOnline matrimony service jeevansathi.com, run by Info Edge India Ltd., has clocked in operating profit for the first time after making quarterly operating losses for the last ten years on the back of increasing revenues and market share. The company registered earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs 65 lakhs during the […]

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Naukri.com parent leads $3 mn funding in Canvera

CanveraBengaluru-based online photography startup Canvera Digital Technologies Pvt. Ltd has raised Rs 20 crore ($3 million) led by existing investor Info Edge (India) Ltd, less than a year after it became one of the first startups to report a ‘down round’. A down round is a venture capital industry term that denotes a fresh funding […]

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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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Naukri parent Info Edge backs Diro Labs, Unnati Helpers

stakeInfo Edge (India) Ltd has invested in contacts management venture Diro Labs and housekeeping services provider Unnati Helpers, as the parent of hiring portal Naukri.com spreads its bets on startups. The company said in a stock-exchange filing on Wednesday that it purchased an 11.5% stake in Diro Labs for Rs 3 crore (about $450,000) and […]

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Zomato losses soar in FY16, drag parent Info Edge into the red

ZomatoRestaurant listings and discovery company Zomato Media Pvt Ltd plunged deeper into the red in the financial year through March 2016 and even pushed parent Info Edge (India) Ltd into losses. Pre-tax loss at Zomato widened almost four-fold to Rs 492.27 crore in 2015-16 from Rs 136 crore the year before. Revenue doubled to Rs […]

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Real estate portal 99acres narrows losses in Q4

constractionProperty portal 99acres.com has shrunk its losses in the quarter through March from the previous three months while growing its revenue. The portal, operated by Info Edge (India) Ltd, posted a pre-tax loss of Rs 13.37 crore for the fourth quarter of 2015-16 from a loss of Rs 21.28 crore in the third quarter. Revenue […]

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