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Info Edge (India) makes additional investment of Rs 21 cr in Adda247

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Info Edge (India) has entered into agreement to invest Rs 21 crore in Metis Eduventure (Adda247) as primiary acquisition of shares. In October 2019, the company had invested Rs 7.06 crore in Adda247 through secondary purchase of shares.

This investment is part of the company's strategic plan to diversify its presence into new line of business within the internet services/ tech industry.

Adda247 is an online government jobs preparation platform. It is India's leading education-technology company that helps students prepare for several government jobs via its multiple platforms bankersaddacom, sscaddacom, Adda247 mobile app, Adda247 Youtube channel, ctetaddacom and Career Power.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 07 2019. 13:19 IST