Info Edge Ventures is a Rs 750 cr early-stage venture capital fund backed by Info Edge (NSE:Naukri). The fund, which was launched in January 2020, focuses on investments in early-stage technology startups in India.

Temasek, a global investment company headquartered in Singapore, has committed Rs 375cr (~US$50m) to the fund, which will continue to explore India-focused opportunities enabled by technology.

Since its establishment, the fund has already invested in nine early stage startups in e-commerce, digital media, fintech, edtech, healthtech, gaming and SaaS. These companies are DotPe, an innovative technology platform digitizing brick & mortar businesses via mobile catalogue, offline/online ordering and payments; Bulbul, an influencer driven video e-commerce platform; Qyuki, a digital creator-focused new age media company; Fanclash, an e-sports community and engagement platform; Truemeds, a tele-health platform; Rusk Media, a digital company focused on content targeted at millennials; FirstHive, a customer data platform for global enterprises; Polymerize, a SaaS platform for materials companies to accelerate development using AI; and Udayy, an interactive gamified learning platform for kids from Grade 1 to 5
“We are delighted to be partnering with Temasek at the Info Edge Venture Fund. We have a deep and long standing relationship with Temasek, having partnered with them at Info Edge, as well as for investments such as Policybazaar and Zomato. We share a common vision and values and we look forward to backing great entrepreneurs in India together.” said Sanjeev Bikhchandani, Founder and Executive Vice Chairman of Info Edge.

“With Info Edge and Temasek as LPs, we have patient capital and a global network to back tech entrepreneurs who are building innovative businesses. We look forward to leveraging their decades of experience in building large technology companies that have fundamentally changed industries” said Kitty Agarwal, Partner, Info Edge Ventures.

"This decade shall be an exciting time for startups as the pace of technology adoption increases dramatically in India. As a founder-first firm, Info Edge has been steadfast in supporting its portfolio companies, and at Info Edge Ventures the yardstick we would like to be measured by is the growth and the success of our portfolio companies. We look forward to partnering with talented founders and like-minded investors to create world class businesses.” said Amit Behl, Partner, Info Edge Ventures.

In addition to backing market leaders like Zomato and Policybazaar as the first institutional investor, the Info Edge Ventures team in its earlier avatar had also invested in category leading technology companies including Shopkirana, a B2B e-commerce platform connecting FMCG brands and retailers; Bijnis, a B2B e-commerce platform connecting manufacturers and retailers in the fashion industry; Shipsy, a global logistics SaaS company; Ustraa, a leading D2C men’s grooming brand; Gramophone, an agri-tech company providing agronomic insights to farmers coupled with delivery of agriculture inputs; and Adda247, a government jobs focused online test preparation platform among other businesses.

Read More News :

Ola Signs MoU with TN Govt to Establish World's Largest Scooter Manufacturing Facility

Nektar.ai raises USD 2.15mn in seed funding led by Nexus Venture Partners