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Info Edge (Naukri) may invest Rs 120-150 crore in 8-12 startups in one year

Info Edge India (Naukri.com) is planning to invest Rs 120-150 crore in 8-12 startups over the next one year which will mature over a period of 3-5 years, according to an investment analyst.

Info Edge India (Naukri.com) is planning to invest Rs 120-150 crore in 8-12 startups over the next one year which will mature over a period of 3-5 years, according to an investment analyst.

“We believe the Rs 650-crore (read Rs 6.5 crore) investment for a 40 per cent stake in Applect Learning Systems and $1 million in US-based Study Places Inc is just the beginning,” Ankit Kedia of Centrum Broking has said in his report on Info Edge this month. [Source: DNA]

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