Info Edge commits $114M to joint venture with Temasek
Deal News | Feb 09, 2025 | Aim Group
Info Edge India Ltd., the parent company of leading Indian online marketplaces such as Naukri.com and 99Acres, has announced a noteworthy financial commitment to a joint venture fund with Temasek, a sovereign wealth fund based in Singapore. Info Edge is set to contribute a substantial INR10 billion, equivalent to $114 million USD, marking a significant partnership between the two entities. This collaboration underscores the strategic investment interests of both parties in sectors such as recruitment and real estate, where Info Edge holds a commanding presence. Temasek, with its strong financial standing and investment acumen, aligns with Info Edge's objectives to create impactful investment opportunities and market competitiveness.
Sectors
- Investment and Asset Management
- Digital Marketplaces
Geography
- India – Info Edge is based in India and operates significant digital marketplaces in the region.
- Singapore – Temasek, the joint venture partner, is a sovereign wealth fund based in Singapore.
Industry
- Investment and Asset Management – The involvement of Info Edge and Temasek in a joint venture fund indicates a focus on strategic investment and asset management, which is a primary initiative of both entities.
- Digital Marketplaces – Info Edge is recognized for its platforms in recruitment (Naukri.com) and real estate (99Acres.com), making digital marketplaces a key industry in this context.
Financials
- $114 million – Info Edge's financial commitment to the joint venture with Temasek.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Info Edge India Ltd. | Investor/Partner | Company | Parent company of Naukri.com and 99Acres, engaging in a joint venture with Temasek. |
| Temasek | Investor/Partner | Company | Singapore-based sovereign wealth fund partnering with Info Edge in the joint venture. |