• Info Edge (India) Ltd shareholders approved a Rs 1,000 crore investment in its third venture fund.
• The approval came through a postal ballot and remote e-voting process, finalized on 24 May 2025.
• 1,274 members participated, with 1,271 valid votes counted.

Info Edge (India) Ltd, the parent company of job portal Naukri.com, has received shareholder approval to invest up to Rs 1,000 crore in its third venture fund, marking a significant move to strengthen its foothold in India’s expanding venture capital ecosystem.

The approval came through a remote e-voting postal ballot process, with an overwhelming 99.9995% of shareholders voting in favor. A total of 1,274 members participated in the vote, with 1,271 valid votes counted. The approval was officially recorded on Saturday, 24 May 2025, according to a filing by Info Edge with the stock exchange.

Smartweb Internet Services Ltd, a wholly owned subsidiary of Info Edge, will act as the investment manager and sponsor of the new fund. This fund infusion aims to increase support for early-stage startups, reinforcing Info Edge’s strategy to back innovative companies in their growth phase.

Co-founder Sanjeev Bikhchandani expressed gratitude to shareholders for their trust in the company’s investment approach. “Thank you for the vote of confidence in our investing abilities, shareholders”, he wrote in a post on X (formerly Twitter) on Sunday.

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Info Edge has been a pivotal player in India’s startup landscape, having invested early in successful companies such as Zomato (now rebranded as Eternal) and PB Fintech (Policybazaar). In a recent shareholder letter, Bikhchandani revealed that the company’s combined holdings in these firms were valued at approximately Rs 31,500 crore ($3.7 billion) as of 31 March 2025.

With the infusion of funds into its third venture capital fund, Info Edge aims to continue nurturing promising startups, leveraging its strong track record and deep market insights to fuel innovation and growth in the Indian entrepreneurial ecosystem.