Naukri parent company Info Edge invests Rs 6 Cr in ShoeKonnect, another Rs 14 Cr in Gramophone
11 April 2019 2:59 AM GMT
With this funding, Info Edge will hold an almost 30 percent stake in ShoeKonnect, and a 32.71 percent stake in agritech startup 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.