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Info Edge invest additional Rs 13.5 cr in Zomato.com and Rs 20 cr in MeritNation.com

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Info Edge (India) Ltd has informed the Bombay Stock Exchange (BSE) that the company proposes to invest an additional amount of Rs 13.5 crore in Zomato.com, an online food guide and restaurant directory website. The Company had invested Rs. 4.7 crore in the first round in August 2010.

InfoEdge will also invest an additional amount of Rs 20 crore through a mix of equity and convertible prefer



nce shares in Applect Learning Systems Private Limited, which is engaged in online education and assessment business through it website MeritNation.com. The Company had invested Rs 11.5 crore in earlier rounds of funding in the aforesaid business.

Zomato claims to have listings for over 18,000 restaurants across 10 Indian cities that include Ahmedabad, Bangalore, Delhi NCR, Chandigarh, Chennai, Kolkata, Mumbai, and Pune, and more than 10 lakh monthly users. Zomato had recently introduced an events section covering the national capital region and plans to expand the service to Mumbai and Bangalore. Zomato, previously known as Foodiebay.com, was launched in July 2008 as an online food and lifestyle guide.

Meritnation offers online education and assessment business and sells CBSE, ICSE and State Board courses online. InfoEdge’s other investment includes 99labels, Nogle Technologies, MyDala, PolicyBazaar and Zomato.





 

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