Info Edge gets shareholder nod for Rs 1,000 Cr investment in Fund III

Info Edge (India) Limited, the parent company of Naukri.com, has received shareholder approval for a related party transaction involving an investment of up to Rs 1,000 crore (around $118 million) in its latest startup-focused fund, “Info Edge Venture Investment Fund III,” under the Karkardooma Trust.

According to regulatory filings, the resolution was passed via postal ballot through remote e-voting, with 99.999% of valid votes in favour. Out of 129.6 million equity shares, 57.37 million votes were cast, marking a 44.28% participation rate. 

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

The fund will be managed and sponsored by Smartweb Internet Services Ltd., a wholly owned subsidiary of Info Edge. 

This development follows Info Edge’s disclosure that its cumulative holding in Zomato and PB Fintech stood at Rs 31,500 crore (around $3.7 billion) as of March 31, 2025.

Info Edge has previously launched two venture funds — Fund I in 2020 and Fund II in 2024 — with a focus on early- and growth-stage tech startups across sectors including consumer internet, SaaS, fintech, and healthtech.