Info Edge shareholders approves Rs 1,000 crore investment in Fund III

Shareholders of Info Edge (India) Ltd, the parent of Naukri.com, have approved a proposal to invest up to Rs 1,000 crore in its third venture fund, signalling a continued bet on India’s startup ecosystem by one of its earliest and most successful backers.

The capital will be deployed through Info Edge Venture Investment Fund III, with Smartweb Internet Services Ltd, a wholly owned subsidiary of Info Edge, acting as both the investment manager and fund sponsor, the company disclosed in a regulatory filing on Saturday.

The resolution was passed via postal ballot and remote e-voting, with near-unanimous support. A total of 1,274 members participated in the vote, and 1,271 valid votes were considered.

"The proposal to invest up to Rs 1000 crores in Info Edge Ventures Fund 3 was approved with 99.9995% of votes in favour. Thank you for the vote of confidence in our investing abilities shareholders," Info Edge cofounder Sanjeev Bikhchandani confirmed in a post on X (formerly Twitter).

Results of the Info Edge shareholders postal ballot are in. The proposal to invest up to Rs. 1000 crores in Info Edge Ventures Fund 3 was approved with 99.9995% of votes in favour. Thank you for the vote of confidence in our investing abilities shareholders.

My friends inform me… pic.twitter.com/Mhzez7YiAU

— Sanjeev Bikhchandani (@sbikh) May 25, 2025

Public institutional shareholders voted unanimously in favour, while 99.98% of public non-institutional shareholders also backed the proposal.

Continued focus on venture investing

This latest move marks the third fund launched under the Info Edge Ventures banner, following Fund I in 2020 and Fund II in 2024. The company has consistently backed early- and growth-stage Indian startups across a wide spectrum of sectors, including consumer internet, SaaS, fintech, and healthtech.

In his annual letter to shareholders earlier this month, Bikhchandani shared that Info Edge’s investments in Zomato and PB Fintech (parent of Policybazaar) alone were valued at Rs 31,500 crore ($3.7 billion) as of March 31, 2025. These investments have been pivotal in establishing Info Edge’s reputation as one of India’s most successful startup investors.

Info Edge has deployed Rs 3,959 crore ($467 million) across its startup portfolio to date, with a fair market value of Rs 36,855 crore ($4.3 billion) as of the end of FY25. Its internal rate of return (IRR) stands at over 36% annually, according to company disclosures.

The company has backed 111 startups, with 76 of them attracting co-investors or raising follow-on rounds.