Info Edge pumps in Rs 14 cr in Canvera, Happily Unmarried

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Press Trust of India New Delhi
Last Updated : Oct 21 2014 | 8:20 PM IST
Info Edge has invested an additional Rs 14 crore in Canvera Digital Technologies and Happily Unmarried Marketing.
Info Edge, which runs portals like Naukri.Com and jeevansathi.Com, has invested Rs 10 crore in Bangalore-based online photography firm Canvera and another Rs 4 crore in Happily Unmarried.
"Info Edge (India) Ltd has invested an additional amount of Rs 100 million through optionally convertible cumulative redeemable preference shares in Canvera Digital Technologies," it said in a BSE filing.
Its cumulative investment now stands at Rs 67.1 crore with about 36 per cent stake.
In March this year, Info Edge had invested Rs 13.5 crore in Canvera, while it had pumped in Rs 35 crore in August 2012.
Happily Unmarried Marketing, which is engaged in the business of sale of fun quirky creative products, has received Rs 9.4 crore from Info Edge.
"This translates to about 34 per cent stake," it added.
Info Edge runs websites like naukri.Com, jeevansathi.Com, shiksha.Com, brijj.Com and 99acres.Com (real estate).
It also holds stake in meritnation.Com (school education), zomato.Com (restaurants rating and review), policybazaar.Com (financial products comparison site) and mydala.Com (deals website).
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First Published: Oct 21 2014 | 8:20 PM IST

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