Hiring segment uptick key trigger for InfoEdge, cash flows to remain strong

While cash flows from core businesses will remain strong, new investors in food, insurance and other ventures will help tap growth opportunities

A few months after online financial services firm policybazaar.com, a company in which Info Edge is an investor, raised $200 million, its online food delivery business Zomato raised a similar amount valuing the latter at $2 billion, this week. The fresh investments in the investee companies such as Zomato, in which it now has 27 per cent stake (post latest fund-raise) is assuring for the street both on growth prospects and the ability of the company to get additional investments in what is a high cash-burn business. Sarath Zutur of Karvy Stock Broking said, “Zomato and Policybazaar.com would require high