Jun 16, 2016 01:30 PM IST | Source: CNBC-TV18

Info Edge picks up minority stakes in two startups

Info Edge likes their teams and their products and wants to encourage the startups, Chintan Thakkar, Chief Financial Officer of Info Edge, told CNBC-TV18.

Info Edge has picked up minority stakes in two early-stage startups V-Care Technologies and Unnati Online through convertible preference shares. It will acquire 11.5 percent in V Care Technologies and  28.5 percent in Unnati Online, investing Rs 3 crore and Rs 4 crore, respectively through preference shares.

Info Edge likes their teams and their products and wants to encourage the startups even though it's early to say whether it will increase investment in the two startups, Chintan Thakkar, Chief Financial Officer of Info Edge, told CNBC-TV18.

Info Edge investments in other companies include Naukri, JeevanSathi, Shiksha, 99 acres, Zomato, Meritnation.com, Policybazaar and Mydala.com. Info Edge will continue to support these companies, he said.

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