Info Edge shareholders approve Rs 1,000 crore investment in third startup fund
Shareholders of Info Edge (India) Ltd have given the green light to invest up to Rs 1,000 crore in the company’s newest venture capital initiative, Info Edge Ventures Fund III. The approval marks a strategic step in the internet conglomerate’s ongoing push to bolster its presence in India’s vibrant startup ecosystem.
According to a regulatory filing on Saturday, the resolution was passed with near-unanimous support via remote e-voting and postal ballot. Out of 1,274 members who participated, 1,271 valid votes were considered, with 99.9995% voting in favour of the investment.
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The fund will be managed and sponsored by Smartweb Internet Services Ltd, a wholly owned subsidiary of Info Edge.
Confirming the development, Info Edge co-founder Sanjeev Bikhchandani posted on X (formerly Twitter) that the shareholder vote had received overwhelming support.
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 long played a pivotal role in India’s startup ecosystem, with early bets on now-listed tech players such as Zomato (now Eternal) and PB Fintech (Policybazaar). In a recent letter to shareholders, Bikhchandani disclosed that the combined value of Info Edge’s stakes in these two firms stood at ₹31,500 crore (around $3.7 billion) as of March 31, 2025.
The launch of Info Edge Ventures Fund III signals the company’s continued commitment to backing innovation and entrepreneurship in the Indian market, even as the broader venture funding environment remains cautious.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
