Info Edge Shareholders Greenlight INR 1,000 Cr Infusion Into Its VC Fund

Consumer internet company Info Edge has received the nod of its shareholders to invest up to INR 1,000 Cr (about $118 Mn) in its latest startup-focussed fund, Info Edge Venture Investment Fund III. 

The development comes just days after the Sanjeev Bikhchandani-led internet major said its cumulative holding in foodtech startup Zomato and insurtech startup PB Fintech stood at INR 31,500 Cr (around $3.7 Bn) as of March 31, 2025.

Smartweb Internet Services, a subsidiary of Info Edge, will serve as the investment manager and sponsor of the fund.

“… the members of the company have approved the resolution with requisite majority through remote e-voting/postal ballot…,” Info Edge said in an exchange filing on May 24.

Of the total 1,274 votes cast, 1,271 were considered valid, with 99.999% of members voting in favour of the investment.

(The story will be updated soon.)

 

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