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Info Edge to invest a total of Rs 19 crore in PolicyBazaar.com and MyDala.com

Info Edge (Naukri.com) has informed the BSE that it will invest a total amount of Rs 19 crore in two separate companies. Info Edge will invest an additional amount of Rs 10 crore in eTechAces Marketing and Consulting (PolicyBazaar.com) and Rs 9 crore in Kinobeo Software Private limited, which runs MyDala.com.

Info Edge (Naukri.com) has informed the BSE that it will invest a total amount of Rs 19 crore in two separate companies. Info Edge will invest an additional amount of Rs 10 crore in eTechAces Marketing and Consulting (PolicyBazaar.com) and Rs 9 crore in Kinobeo Software Private limited, which runs MyDala.com. Info Edge had already invested Rs 20 crore as in eTechAces as first round in 2008.

According to this MediaNama report, PolicyBazaar has also raised an additional amount of Rs 30 crore from Intel Capital. The company has thus raised a total of Rs 40 crore in its second round, with Rs 10 crore from Info Edge.

Info Edge India owns and manages a job portal Naukri.com, a real estate site 99acres.com, a matrimonial portal Jeevansathi.com, an offline executive search firm Quadrangle, an education portal Shiksha.com, a professional networking site Brijj.com, a career guidance site AskNaukri.com, and an online brokerage site AllCheckDeals.com.

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