Internet company Info Edge informed the bourses that it plans to invest INR 4 Cr ($474K) in its portfolio company LegitQuest via its wholly owned subsidiary Startup Investments (Holdings) Ltd.

The company only doubled down on existing investments between 2012 to 2015, and started taking fresh bets only from 2016 to 2019 in companies like Adda247 and Shipsy among others. In 2019, Info ...

The announcement follows Info Edge disclosing on Friday a loss of $33.4 million in 4B Networks, another startup it wrote off recently. 4B Networks was founded by Housing.com’s infamous founder ...

Info Edge was one of the early backers in homegrown listed companies, including Zomato and Policybazaar. It invested a total of `483.78 crore and `591.40 crore in the two companies, respectively.

This is Info Edge’s first stock split, though it had issued bonus shares in 2010 and 2012 at a 1:1 ratio. The company has distributed Rs 66 per share in dividends over the last three years.

The scrip opened at Rs 8650.60 and touched an intraday high and low of Rs 8650.60 and Rs 8531.25, respectively, in the session so far. Shares of the company of Info Edge (India) Ltd. quoted a 52 ...

Info Edge posted Q4 profit at Rs 463.39 crore, reporting a jump of 667.33 per cent on-year on account of an exceptional gain of Rs 25.51 crore.

Info Edge's investments in Indian startups yield 10x returns, 36% IRR, and multi-bagger potential across various sectors.