• About
  • Contact
Sunday, July 3, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Despite a Profits Fall in Last Five Quarters, Info Edge Market Cap Reaches $10 Billion

Abdul Kadir Khan by Abdul Kadir Khan
February 16, 2021
in News
Reading Time: 3 mins read
A A
0
IMG 20210216 WA0002

Recently, Info Edge, one of the oldest internet companies in India, has hit a market cap of $10 billion. It happened after its share value doubled in the last year. Surprisingly, Info Edge profit is continuously declining for the last 5 quarters.

The rise in Info Edge Market Value

Currently, digital company Info Edge share has become a hot cake. Its valuation is increasing every day. The main reason behind the Info Edge share growth is the investment of this digital company in known unicorns Zomato and Policy Bazaar. Analysts predict a further rise in Info Edge share due to IPO (initial public offering) beginning of Zomato and Policy Bazaar both in 2021.

Zomato will start its IPO within 3 months. There are other reasons as well related to the surge in Info Edge value. Info Edge has 4 major businesses right now. First, they have a well-known recruitment portal Naukri.com that is growing rapidly. Second, it has a real estate startup 99acres.com. it provides better land deals to its users. Third, they have a matrimony service jeevansathi.com. fourth, they have started an edtech vertical named shisha.com.

The Indian government also recognized the Info Edge contribution to the internet economy of India. Sanjeev Bhikchandani, the founder of Info Edge, received Padam Shri for his exemplary services in the field of information technology. He received this award last year in January.

Reasons Behind Info Edge Growth

Analysts consider the Info Edge company as the future-oriented firm. It takes the advantage of the only digital listed company in India.

Wealth Mills Securities Strategist said:

“We don’t have a completely digital listed company in India and Info Edge is the only representative as far as the digital age is concerned. That’s why there is exuberance from institutional investors, ”

People are so excited to invest in Info Edge that they forgot the profit decline in the firm from last 5 quarters. WealthMills Spokesperson further said:

“Info Edge has a unique business model and when you talk about the double-digit GDP growth that India is aiming for, these are the kind of companies that will give tremendous returns,”

ICICI securities believe that the company share will further go up with improved revenue due to the economy open up after lockdown.

Info Edge earns maximum revenue from naukri.com. but the current pandemic saw a decline in jobs so it did not do well. On the other hand, the real estate business has seen the worst phase. And it has affected 99acres.com business badly.

Info Edge is not fully dependent on its business. The company’s strategic investments have also added value to its portfolio. The company will earn a huge benefit from the IPOs of Zomato and Policy Bazaar. Info Edge has a stake of 20% in online food delivery giant Zomato.

dc Cover pv9j7ptu3v832p05f5ofls80d6 20160509161340.Medi

In a recent interview with Business Insider, Info Edge CEO Hitesh Oberoi said:

“We had invested in Zomato when it wasn’t even called so. It was called Foodiebay then. When we had started investing, there was no SoftBank (Japanese investment firm) – we were in the mindset to start investing in businesses that we understand.”

Info Edge is also increasing its portfolio with some acquisitions. A few days back, it has acquired 4B Networks, a platform for brokers and builders. Analysts believe that Zomato and Policy Bazaar will turn into gold for the investors. Being a noted investor, Info Edge will benefit a lot.

Previous Post

This is How Byju’s is Changing the EdTech Ecosystem with Acquisitions and Latest Offerings

Next Post

Navin Gurnaney Joins Reliance Brands as CEO from May 1

Abdul Kadir Khan

Abdul Kadir Khan

Abdul Kadir Khan is a Content Writer at Next Big Brand. Hails from UP. Postgraduate in Computer Science. Content Maniac and Trainer. Love to write about startups, Brands, and Trending Tech.

Related Posts

Facebook Meta nft profiles
Cryptocurrency

Facebook Starts Testing Ethereum and Polygon NFTs on Profiles

July 1, 2022
Khaby Lame Binance
Cryptocurrency

Binance Taps Most Popular Tiktok Star Khaby Lame To Drive Web3 Adoption

June 30, 2022
Metawhale Team
Cryptocurrency

World’s First NFT Museum Launched By Metawhale World

June 30, 2022
WhiteHat Jr Ads- Next Big Brand
News

Byju’s-owned WhiteHat Jr Lays Off 300 Employees

June 29, 2022
Reliance CEO Mukesh Ambani
Industries

Mukesh Ambani Resigns as Director of Reliance Jio, Son Aakash Ambani Named Chairman

June 28, 2022
Cryptoys Logo
Cryptocurrency

Cryptoys Raises $23 Million to Mix NFTs, Gaming, and Virtual Toys

June 28, 2022
Next Post
Navin Gurnaney

Navin Gurnaney Joins Reliance Brands as CEO from May 1

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Mukesh Ambani Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Understanding The Most Popular Types of NFTs
  • Facebook Starts Testing Ethereum and Polygon NFTs on Profiles
  • Binance Taps Most Popular Tiktok Star Khaby Lame To Drive Web3 Adoption

Latest News

20220702 145214 0000

Understanding The Most Popular Types of NFTs

July 2, 2022
Facebook Meta nft profiles

Facebook Starts Testing Ethereum and Polygon NFTs on Profiles

July 1, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.