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Naukri parent company Info Edge invests Rs 6 Cr in ShoeKonnect, another Rs 14 Cr in Gramophone

Naukri parent company Info Edge invests Rs 6 Cr in ShoeKonnect, another Rs 14 Cr in Gramophone

  • Info Edge India, the company that owns and operates job portal Naukri.com and real estate website 99acres.com, has invested Rs 6 crore in ShoeKonnect, media reports said.
  • Info Edge writes off Rs 186 cr from startup investment portfolio for FY18In addition to ShoeKonnect, Info Edge has also invested in agritech startup Gramophone.
  • The investment, pegged at Rs 14 crore,  was made via compulsorily convertible preference shares, which will take Info Edge's total shareholding in Gramophone to 37.21 percent.
  • Other than ShoeKonnect and Gramophone, there are a host of companies on Info Edge's portfolio including foodtech, healthtech, and insurtech startups.


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