The classified listings group is putting up about $46m for Info Edge Venture Fund and expects to mobilise external backers to hit a $100m target.
India-based online classified listings operator Info Edge is raising $100m for a dedicated corporate venture capital vehicle called Info Edge Venture Fund, Times of India reported yesterday.
Info Edge and an undisclosed subsidiary will provide a combined Rs 350m ($46.2m) in capital for the vehicle and plans to source the remainder from external limited partners. The corporate had originally targeted approximately $14m for the fund in January 2020.
Founded in 1995, Info Edge operates several online portals in the…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
