Consumer internet company Info Edge has received approval from its shareholders to invest up to INR 1,000 crore (approximately $118 million) in its newly launched startup-focused fund, Info Edge Venture Investment Fund III. This move reflects the company’s ongoing commitment to supporting early-stage startups and strengthening its presence in the Indian startup ecosystem.
Smartweb Internet Services, a wholly-owned subsidiary of Info Edge, will act as the investment manager and sponsor of the fund. The fund aims to back innovative and growth-oriented startups across sectors, helping Info Edge expand its investment portfolio and long-term value creation.
In a stock exchange filing dated May 24, Info Edge announced that the proposal received the necessary majority approval through remote e-voting and postal ballot. The resolution was successfully passed, showcasing strong support from the shareholders.
Out of the 1,274 total votes cast, 1,271 were considered valid. An overwhelming 99.999% of the voting members supported the investment initiative, underlining investor confidence in the company’s strategic vision and its approach to funding promising startups.
Info Edge has invested INR 483.8 crore and INR 591.4 crore in two of its portfolio startups. These investments reflect its strong focus on expanding in India’s startup space and supporting promising ventures.
The company made early investments in Zomato and PB Fintech, which turned out to be highly successful. It has since expanded its portfolio by funding startups like Ustraa, Shopkirana, Adda247, Zingbus, and ixigo.
Info Edge and its investment partners have invested a total of INR 3,959.1 crore. The fair market value of these investments has grown significantly to INR 36,855.4 crore, indicating strong returns on capital.
Several of its portfolio companies — such as TrueMeds, Geniemode, Attentive.ai, and InPrime — have secured follow-on funding from top investors like Accel, Peak XV Partners, and Tiger Global.
Financially, Info Edge posted impressive results in Q3 FY25. Net profit surged 141% year-on-year to INR 288.4 crore, compared to INR 119.4 crore in the same period last year.
Its operating revenue also rose by 15%, reaching INR 722.4 crore. This strong performance reflects the company’s growing influence in both its core business and startup investments.