NAUKRI

shareholders approve Rs 1,000 crore investment in its VC fund

the parent company of ***** has secured shareholder approval to invest up to Rs 1,000 crore in Info Edge Venture Investment Fund III, enabling further investments in startups. Smartweb Internet Services Ltd. will manage the fund. The company's early investments in Zomato and Policybazaar are now valued at Rs 31,500 crore.