Naukri owner Info Edge invests $872K in ed-tech platform NoPaperForms
Summary
Info Edge (India) Ltd, which owns job portal Naukri.com, has invested Rs 5.66 crore (about $872,000) in Delhi-based NoPaperForms Solutions Pvt. The investment helps Info Edge diversify into a new line of business within the Internet services industry, the filings said. NoPaperForms, incorporated in February this year, was originally part of online career counselling and education services firm Careers360, which acquired it in 2015. In June, Careers360 sold the venture to its chief strategy officer Naveen Goyal in a cash-and-equity deal worth around $3 million. In July, it made a follow-on investment of Rs 8 crore in Green Leaves Consumer Services Pvt.
Funding
Amount
$871.1K
Total raised
Date
November 9, 2017
Announcement date
Investors
Info Edge, MGP Trinity
Lead investors
Company
http://www.nopaperforms.com
Funded company
Classifications
industries
Fintech & Banking
applications
Sales and Marketing
AskAI Classifications
Labels
Education Technology
SaaS
Student Enrollment Software
Linked Companies
NoPaperForms
$5M to $10M