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Info Edge (Naukri) plans to acquire equity stakes in internet start-ups

Info Edge India (Naukri.com), which made its first investment in Delhi-based education portal StudyPlaces.com earlier this year, has decided to acquire equity stakes in internet start-ups as part of its growth strategy.

Info Edge India (Naukri.com), which made its first investment in Delhi-based education portal StudyPlaces.com earlier this year, has decided to acquire equity stakes in internet start-ups as part of its growth strategy.

“We are currently looking at a couple of companies in the internet and mobile space,” Hitesh Oberoi, director and chief operating officer, Info Edge India, has said. The company is looking at potential investments between $1 million and $4 million per deal, reports LiveMint.

Info Edge India owns jobs portal Naukri.com, matrimonial website Jeevansathi.com, real estate portal 99acres.com and a business networking site Brijj.com. The company raised Rs 174 crore in a public listing in November 2006.

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