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Info edge Pvt Ltd invested in two start ups :- Vcare & Unnati

As E-commerce business has largely taken place in today’s world, people didn’t go mall for window shopping, they do window shopping from their Smart phone. In the world of E-commerce every business not start from a place it starts from the apps, there are some established company who gave the revolution to this World and so Investing in Startups is quite profitable to them Like recently Info edge (India) Pvt ltd company invested in Two start ups –Vcare and Unnati online.
Info edge (india) Pvt Ltd.
Info Edge (India) Ltd. is an Indian company incorporated in 1995 by Sanjeev Bikhchandani and it has its headquarter in Noida, India. It is e-commerce / on-line classifieds company with in-depth understanding of the Indian consumer internet domain. It owns internet properties Naukri.com, Shiksha.com, Jeevansathi.com, Naukrigulf.com and 99acres.com and stakes in many other internet businesses. Info Edge (India) is listed on the Bombay as well as National Stock Exchange Of India. It is one of the earliest Internet companies in India whose online recruitment brandNaukri.com has became the leading job portal for fresher’s, employers etc. It also diversified into Online Matrimony Jeevansathi , which is among top three in India’s online matrimonial space and Online Real Estate 99acres.com,which is India’s largest property marketplace covering almost all major cities. Info Edge was converted into a Public Limited on 27 April 2006.

InfoEdge
Vcare Technologies

Vcare Technology is a privately held international call center outsourcing company .

Established :- 1999

Headquarters :- The United States

[ operations through offices in North America (New Jersey) ] And In Asia (India).

Aim :- A desire to provide excellent customer care to companies all over the world. .

Despite a lot of having a lot of hurdles, challenges and stoppage in the Competative world, Vcare establishes itself and grew as a Full-fledged organization .

Vcare

 

Unnati Online Pvt Ltd

Unnati is a recruitment services firm that helps startups to hire great talent painlessly and quickly.

Directors :- Mr Shantanu Singh and Ravi Eral

Established :- 5 march .2015 It is a private company incorporated on 05-03-2015

Aim :- fast growing companies to hire talent for non-tech positions like: Sales, Business Development, Marketing, Digital Marketing, Product Management, Category Management, Content Operations, Logistics Operations, Procurement, Customer Service, Finance and Accounts, HR etc.

Chain of Clients :- Zomato, Magic Bricks, Ziffi, Swiggy, Zinka Black Buck, Hector Beverages, Great Learning, Zoomo, Livspace, Space Matrix, Chai Point, Byjus, Credit Sudhaar, Mettl, Franklin Covey, Oyo Rooms, Pinnacle Capital and many more.

Unnati

 

 

Info Edge Invests In Two Startups – VCare & Unnati

Info edge invested in many more companies, mostly in start up as for the growing E-commerce business world. Info Edge, the parent company of Naurki.com and Zomato, has acquired minority stake in 2 startups–VCare Technologies and Unnati Online Pvt ltd and VCare offers phone directory app called Diro Labs & Unnati runs a platform called Unnati Helpers to hire domestic help.

Diro Labs ( Phone directory app) allows users to make groups of contacts, back them up on cloud, and connect contacts with social media. The startup is based out of Delhi, and also has offices in the US and the UK. It was founded in 2014 by Vishal Gupta, Sumeet Singh and Nikhil.

According to a stock market filing, Info Edge has invested Rs. 30 million by way of convertible preference shares to acquire a 11.5 per cent stake, on fully converted and diluted basis, in Vcare Technologies Pvt Ltd. Whereas, it had invested Rs. 40 million through convertible preference shares for acquiring about 28.5% stake in Unnati Online Pvt Ltd.

 

Info gains after investment :-
Info Edge (India) has announced that it has invested a sum of Rs 3 crore through convertible preference shares for acquiring 11.5% stake on fully converted and diluted basis in contacts management venture Vcare Technologies Pvt Ltd. Diro Labs, run by Vcare Technologies Pvt. Ltd, allows users to make groups of contacts, back them up on cloud, and connect contacts with social media.
Separately, Info Edge (India) has invested a sum of Rs 4 crore through convertible preference shares for acquiring about 28.5% stake on fully converted and diluted basis in Unnati Online Pvt Ltd. Unnati operates as an employment exchange for informal sector workers in India.

It’s net profit fell 30.4% to Rs 57.18 crore on 18% growth in net sales to Rs 204.20 crore in Q4 March 2016 over Q4 March 2015. Info Edge runs a slew of consumer internet properties such as 99acres, Naukri, Shiksha and Jeevansathi. It posted a standalone net profit of Rs 141.58 crore for 2015-16 compared with Rs 193.86 crore the year before.

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