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27-Jul2017

Info Edge invests Rs 3.5 crore in Wishbook Infoservices

Info Edge (India) has invested approximately Rs 3.5 crore in Wishbook Infoservices through its wholly-owned subsidiary (WOS). The shareholders agreement/investment agreement has been signed on July 25, 2017. As part of company's strategic investments, the acquisition would help the company to diversify its presence into a new line of business within the Internet Services Industry.

Wishbook was incorporated on April 30, 2016. It runs a business which offers 'Wishbook Catalog App', allowing catalog distribution from manufacturers to distributors to wholesalers to retailers and allowing the salespersons to show catalogs & take orders.

Info Edge (India) owns one of the leading job portals naukri.com. The company is a leading provider of various portals related to online recruitment, matrimonial, real estate and education classifieds and related services in India.



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