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Info Edge acquires TooStep Consultancy

Info Edge (India) Ltd, which runs
Naukri.com, has acquired Toostep Consultancy, on a slump sale basis. TooStep
Consultancy Private Limited operates an online portal for professionals to

Info Edge (India) Ltd, which runs
Naukri.com, has acquired Toostep Consultancy, on a slump sale basis. TooStep
Consultancy Private Limited operates an online portal for professionals to
discover and share professional expertise. It operates a network of communities
in the areas of construction planning and management, project management, IT
and ITES HR professionals, young brigade, business and law, vision, organized
retail, biotechnology, power sector, and engineers and managers. The company
was incorporated in 2007 and is based in India.

TooStep had developed a SaaS (Software as a
Service) platform which enabled recruiters to propagate jobs on social
networking sites and search engines and also allowed recruiters to manage the
response. The team of Toostep has joined Info Edge. Info Edge India runs recruitment,
matrimony, real estate and education websites across the country.

 “We
expect to benefit from their experience and integrate these features into
Naukri over a period of time. Toostep`s products will benefit from scaling up
of its sales of Naukri`s vast client base,” the company has said.

Earlier, Info Edge had invested Rs 12.86 crore more
in Zomato.com, thus taking its total investment in Zomato to Rs 31.06 crore and
its total holding to 48.5 per cent. The company also invested an additional Rs
5 crore on 99labels.com, taking its total investment in the company to around
$4.5 million. Prior to that, the company invested $6.5 million (Rs 35 crore) in
Bangalore-based online photography company Canvera Digital Technologies Pvt
Ltd.

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