You are here: Home » PTI Stories » National » News
Business Standard

Info Edge invests Rs 6 crore in Bizcrum Infotech

Business Finance

Press Trust of India  |  New Delhi 

Info Edge, which runs, 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.

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

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, April 09 2019. 22:05 IST