scorecardZomato, PolicyBazaar investor Info Edge invested in nearly 2 startups every month in 2021
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Zomato, PolicyBazaar investor Info Edge invested in nearly 2 startups every month in 2021

Zomato, PolicyBazaar investor Info Edge invested in nearly 2 startups every month in 2021
Business6 min read
  • Info Edge’s investment streak coincides with Zomato hitting the public market and PolicyBazaar’s attempt to do so.
  • Nearly half of Info Edge’s investments this year have been announced post Zomato’s public listing on July 14.
  • Info Edge has invested in rounds worth $161.7 million in 2021 so far.
Info Edge, one of the oldest internet companies in India, has been going heavy on startup investments this year. The Sanjeev Bikhchandani-led company has invested in 15 startups in 2021 so far.

The development coincides with two of its portfolio companies — Zomato and PolicyBazaar — moving away from the ‘startup’ tag to a maturity stage. While Zomato has already hit the public market, PolicyBazaar has filed the preliminary papers for its initial public offering (IPO) scheduled for this year.

Maybe it's the increased interest in the Indian startups or really optimum market conditions that has compelled Info Edge to go heavy on its investments. Nearly half of Info Edge’s investment this year has been announced post Zomato’s public listing on July 14.



This also includes travel ticketing app ixigo that filed for its IPO last month. By the end of this year, Info Edge may end up having stake in three publicly listed companies if all goes as per plan.

Info Edge has invested in rounds worth $161.7 million in 2021 so far. These investments were mostly made in early stage companies across sectors.


Company

What does it do?

Round

Date

Geniemode

Cross-border sourcing and supply chain company

$2.3 million

September 6

Lumiq

Data platform that allows financial enterprises to monetise their data

$2 million

August 24

1K Kirana Bazaar

Hyperlocal omnichannel grocery chain

$7 million

August 17

Yojak

Online marketplace for building materials

$3.8 million

August 17

Attentive

SaaS company for property measurement

$1.1 million

July 31

Zingbus

Intercity mobility

$6 million

July 27

ixigo

Travel booking app

$53 million

July 37

Shiprocket

Shipping and logistics solutions startup

$41.3 million

July 5

Skylark Drones

Enterprise drone solution provider

$3 million

July 5

Airblack

Online makeup and beauty learning platform

$5.2 million

June 29

Truemeds

Online pharmacy that helps customers save cost by recommending alternative medicines

$5 million

June 8

QuickSell

Product cataloguing and sales platform

$2 million

June 7

LegitQuest*

Legal research engine

$681,000

April 5

DotPe*

Commerce and payments platform

$27.5 million

March 26

Udayy*

Live online learning platform for kids in class 1-5 focused on smart communication.

$2.5 million

January 18

Total


$161.7 million

13 investments

*These investments were carried out by Info Edge Limited

The 26-year-old company carried out most of these deals through its investment arm Info Edge Ventures, which was founded in 2008. Info Edge owns 67% stake in Info Edge Ventures Fund.

The firm holds net assets worth ₹236 crore, as of March 31 of 2021.

Info Edge Ventures is a $100 million fund, for which Info Edge has committed $50 million and the balance is committed by Temasek Holdings Private Limited.

Info Edge had made only three investments between January to April 2021, before Zomato filed its preliminary papers to go public.

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