VC Circle said Info Edge had invested R61.5 crore in total in Applect to own about 54%. Info Edge previously owned 49% of Applect after investing R20 Crore in 2011 and R11.5 crorer between 2008 and 2010.
Info Edge (India), the largest consumer internet firm in India by market value, has invested R30 crore ($5.5m) in Applect Learning Systems, a local provider of the Meritnation online education and assessment service, according to news provider VC Circle.
VC Circle said Info Edge had invested R61.5 crore in total in Applect to own about 54%. Info Edge previously owned 49% of Applect after investing R20 Crore in 2011 and R11.5 crorer between 2008 and 2010.
Info Edge previously acquired…