Info Edge (India) makes additional investment in Vcare Technologies

Aggregate investment stands at Rs 4 crore

Info Edge (India) announced that the Company has, through its Wholly-owned subsidiary, invested an additional amount of Rs.1 crore through optionally convertible cumulative redeemable preference shares in Vcare Technologies which has developed a mobile application named DIRO that works as a cross platform sharable collaborative phonebook.

Accordingly, the aggregate investment by the Company, including the above, is now Rs.4 crore in Vcare Technologies which translates to about 14.77% stake as on date (may change on account of conditions in investment/shareholder agreement) in the company on a fully converted and diluted basis.

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