InfoEdge, the company behind Naukri.com has informed BSE about 2 investments that it intends to make.
First investment is proposed to be in MeritNation which is group venture of naukri.com itself. The invest in amount of USD 4.5 million (Rs. 20 crore) will be a mix of equity and convertible preference shares in Applect Learning Systems Private Limited, which is the company behind meritnation.com. Infoedge has already invested 11.5 crore rupees in previous rounds.
Meritnation is into e-learning & online assessment vertical and has growth spurt over past quarter. A look at their Alexa ranking shows that the company is growing at swift rate.
Meritnation traffic growth
Infoedge today also announced that it intends to make investment of USD 3 million (Rs. 13.5 crore) in Foodiebay Online services Pvt. Ltd., the company behind Zomato.com, a online portal for restaurant discovery, review & food guide.
Zomato could be one of the fastest growing site in India and according to Alexa it ranks among the top 350 sites in India. For a site that launched less that a year back, the growth has been quite astonishing!
Zomato’s Traffic Growth
Zomato’s mobile apps have come out really well and that has been one of the primary reason for such an impressive growth.