Info Edge tops up investment in ShoeKonnect, ups stake to nearly 30%
Summary
Info Edge (India) Ltd, the parent of job portal Naukri.com and real estate website 99acres.com, has invested an additional Rs 6 crore ($867,480) into its portfolio company ShoeKonnect. The fresh investment raised Info Edge’s stake in the Agra-based online business-to-business footwear marketplace to 29.79% from 27.27%, the company disclosed in a stock-exchange filing. It is also an investor in several technology firms, including online restaurant discovery and food delivery platform Zomato. In February this year, it put in an additional Rs 2 crore ($280,000) in business-to-business sales catalogue app Wishbook, increasing its stake in the firm to 28.98%. Last month, it appointed Pawan Goyal, a former general manager at Adobe Systems, as the chief business officer at recruitment portal Naukri.com and Naukrigulf.com.