Info Edge shareholders approve Rs 1,000 crore investment in new startup fund

Smartweb Internet Services Ltd, a wholly owned subsidiary of Info Edge, will serve as both the sponsor and investment manager of the fund.

Shareholders of Info Edge (India) Ltd have cleared a proposal to invest up to Rs 1,000 crore in the company’s latest startup-focused fund, Info Edge Ventures Fund III. The move marks a significant step in the Noida-based internet major’s plans to deepen its footprint in the Indian startup ecosystem.

According to a regulatory filing on Saturday, the resolution was passed with an overwhelming majority through remote e-voting and postal ballots. Out of 1,274 participating members, 1,271 valid votes were considered with 99.9995 percent voting in favour of the investment.

Smartweb Internet Services Ltd, a wholly owned subsidiary of Info Edge, will serve as both the sponsor and investment manager of the fund.

Confirming the development on social media, co-founder Sanjeev Bikhchandani posted on X (formerly Twitter) that the proposal had secured near-unanimous approval.

Results of the Info Edge shareholders postal ballot are in. The proposal to invest up to Rs. 1000 crores in Info Edge Ventures Fund 3 was approved with 99.9995% of votes in favour. Thank you for the vote of confidence in our investing abilities shareholders.My friends inform me pic.twitter.com/Mhzez7YiAU
Sanjeev Bikhchandani (@sbikh) May 25, 2025

Info Edge has been one of India’s most influential early-stage investors, having backed prominent names such as Zomato (now Eternal) and PB Fintech (Policybazaar). In a recent letter to shareholders, Bikhchandani revealed that the combined value of Info Edge’s holdings in Zomato and PB Fintech stood at Rs 31,500 crore (approximately $3.7 billion) as of March 31, 2025.