Info Edge invests in health-tech platform MedCords
Summary
Info Edge (India) Ltd, which runs internet businesses Naukri.com and 99acres.com, has invested Rs.2.64 crore ($377,071) in medical healthcare records platform MedCords, it said in a stock-exchange filing. In February, it disclosed that it would divest a 6.66% stake in online restaurant finder Zomato to Chinese internet giant Alibaba for $50 million (Rs 320.5 crore). Info Edge reported a rise in revenue for the first quarter of the financial year that began in April 2018 but net profit dropped due to write-offs related to its startup bets. In June, digital health management platform Navia raised a bridge round of $100,000 (Rs 67 lakh) from existing investor Benori Ventures LLP, which is led by research major Evalueserve’s former chief operating officer Ashish Gupta. In April, Doxper, an app that helps doctors maintain patients’ medical records, had raised $1.1 million (Rs 7.2 crore) in a pre-Series A round involving existing investors led by Vidal Healthcare.