Info Edge, which runs Naukri.com, Tuesday said it has invested about Rs 6 crore in Bizcrum Infotech (ShoeKonnect).
ShoeKonnect is a B2B marketplace that enables footwear brands, manufacturers, wholesalers and retailers to connect and transact with each other.
"The company (Info Edge) has acquired 60 lakh 0.01 per cent compulsorily convertible preference shares having face value of Rs 10 each," Info Edge said in a regulatory filing.
The aggregate shareholding of the company, post this investment, in Bizcrum Infotech would be 29.79 per cent on fully converted and diluted basis, it added.
Info Edge posts marginal decline in net profit at Rs 78 cr in Sep qtr
Info Edge (India) acquires Rs 3 crore in Bizcrum InfoTech
Info Edge Q3 net profit rises 39% to Rs 74 crore
Info Edge (India) standalone net profit declines 0.59% in the September 2018 quarter
Info Edge (India) standalone net profit rises 39.29% in the December 2018 quarter
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