Info Edge has launched a new growth-stage investment fund called B8 Fund-I with an initial capital commitment of ₹250 crore.
This is the company’s first dedicated fund focused on investing in later-stage startups. In the future, the company may also raise money for this fund from external investors.
According to a regulatory filing, the new fund will invest in growth-stage, technology-enabled companies that are based in India or mainly focused on the Indian market.
The fund is registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund. It will have a tenure of eight years from its first closing.
Existing Investment Platforms
Currently, Info Edge operates four early-stage investment platforms:
Info Edge Ventures, which has raised ₹2,300 crore across three funds
Capital 2B, with a corpus of ₹280 crore
Redstart Labs, which focuses on AI-powered startups
Direct investments made from the company’s own balance sheet
Through these platforms, Info Edge has invested in early-stage startups such as Gnani AI, ixigo, Shiprocket, Zingbus, and Truemeds.
Using its own balance sheet, the company had also made early investments in Zomato and Policybazaar.
Shareholder Approval and Financial Performance
In May last year, shareholders approved a proposal allowing Info Edge to invest up to ₹1,000 crore in the third fund of Info Edge Ventures. These funds are managed in partnership with Temasek.
For the quarter ended December 31, Info Edge reported operating revenue of ₹819 crore. During the same period, the company’s net profit increased by 10% to ₹317 crore.
