Info Edge planning to acquire/ Invest in Startups

Info edge India which owns leading portals like naukri.com and jeevansaathi.com is planning to invest in startups. Info edge Co-Founder and CEO Sanjeev Bikhchandani said,"There are not many acquisition targets currently in India, but we may look at the potential opportunities in the internet space that are aligned to our business model if valuations correct". Info edge is planning to focus on Indian market rather than spreading to other markets. Infos edge feels that recession may bring down the value of startups further down which may help them in acquisitions at lower price.

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