Info Edge invests Rs. 14 crore in Canvera Digital Tech & Happily Unmarried Marketing

Info Edge has invested an additional Rs 10 crore in Canvera Digital Technologies Pvt. Ltd. and Rs. 4 crore in Happily Unmarried Marketing Pvt. Ltd, reports the Hindu Business Line.

Info Edge, which runs portals like naukri.com, jeevansathi.com, shiksha.com, brijj.com and 99acres.com, has informed Bombay Stock Exchange (BSE) that the Company has invested an additional amount of Rs. 10 crore through optionally convertible cumulative redeemable preference shares in Canvera Digital Technologies Private Limited, which runs the site www.canvera.com. The web portal provides solutions to professional photographers.

Info-Edge-invests-Rs-14-crore-in-Canvera-Digital-Tech-and-Happily-Unmarried-Marketing

The cumulative investment, which now stands at Rs 67.1 crore, translates to about 36% stake in Canvera Digital Technologies Private Limited on a fully converted and diluted basis. Info Edge invested Rs 35 crore in August 2012 and then invested Rs 13.5 crore in March 2014.

Happily Unmarried Marketing, which sells fun quirky creative products, has till date received Rs 9.4 crore from Info Edge, which translates to about 34 % stake in the company.

Info Edge also holds stake in other portals namely, meritnation.om (school education), zomato.Com (restaurants rating and review), policybazaar.Com (financial products comparison site) and mydala.Com (deals website).

Share this:
Tags:

About Jessica Priston

Ut tellus dolor, dapibus eget, elementum vel, cursus eleifend, elit. Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Integer rutrum ante eu lacus. Vestibulum libero nisl, porta vel, scelerisque eget, malesuada at, neque. Vivamus eget nibh. Etiam cursus leo vel metus. Nulla facilisi. Aenean nec eros.

  • Website
  • Google+
  • Rss
  • Pinterest
  • Instagram
  • LinkedIn
  • Vimeo
  • Youtube
  • Flickr
  • Email

Related News

  • Cashback site Cashkaro now offers restaurant discounts

    India’s e-commerce market looks large and lucrative enough from the outside, but insiders know it is very challenging. In fact, the number of e-commerce sites and businesses is growing so fast here today that the competition is cut-throat. This

  • What is Viscose Material? Advantage and disadvantage of viscose.

    Viscose is a unique form of wood cellulose acetate used in the nnmanufacture of a number of different products. This includes items for nnthe medical industry, though it is perhaps most common as a major nningredient in the production of the fabric r

  • Honda launches new CBR 250R bike
    Honda launches new CBR 250R bike
    July 01, 2014 5:50 am

    New Delhi: Honda Motorcycle & Scooter India (HMSI) launched a new edition of its global sports performance bike CBR 250R priced between Rs 1.56 lakh and Rs 1.86 lakh (ex-showroom Delhi). The 2013 edition CBR 250R is available for sale across a

  • Zara has opened store at Ambience mall, Gurgaon

    Zara, has opened its new store at Ambience mall, Gurgaon. Spread over 28,000 sq.ft. across two floors the store has taken the space earlier occupied by Debenhams. With this Zara now has twelve stores in India. It is present in 86 countries with