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

• 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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