The Hindu Business Line : Info Edge to invest in start-ups

NEW DELHI: Info Edge India, which owns leading job portals such as naukri.com and jeevansathi.com has said it will look at potential acquisition opportunities if valuations correct further and may also invest in start-ups related to its business model.

“There are not many acquisition targets currently in the country, but we may look at the potential opportunities in the internet space that are aligned to our business model if valuations correct,” Info Edge Co-founder and CEO, Mr Sanjeev Bikhchandani, t old PTI.

Mr Bikhchandani, however, clarified there was no chance the company would get acquired. “We had been approached as potential takeover target prior to going public. But, we have always made it clear that the company is not for sale, and moreover there ha ve been no approaches ever since the company's listing,” he said.

When asked whether the signs of a slowdown in the economy and industry could present the company with acquisition opportunities, Mr Bhikchandani said Info Edge would look at it if the downturn continued further. When asked whether it would look at expan ding overseas through organic or inorganic routes, he said the company would rather focus on India alone as there were enough growth opportunities in the country itself.

Info Edge's properties include job Web site naukri.com, matrimonial Web site jeevansathi.com, real estate portal 99acres.com, career guidance site asknaukri.com, education portal shiksha.com, online brokerage site allcheckdeals.com and professional netwo rking site brijj.com. - PTI

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