Info Edge invests Rs 10 cr more in Applect

   Info Edge, which runs online portals naukri.com and jeevansaathi.com, today said it has invested Rs 10 crore in online education and assessment firm Applect Learning Systems.

The additional investment of Rs 10 crore by Info Edge was made through website www.meritnation.com, Info Edge said in a filing with the BSE.

Post this investment, Info Edge's total investment in Applect stands at Rs 71.5 crore.

Info Edge now holds 55.81 per cent stake on a fully diluted and converted basis in Applect, it said.

It had previously invested Rs 61.5 crore in MeritNation, including Rs 30 crore in February this year, Rs 20 crore in September 2011, Rs 5 crore in May 2010 and Rs 6.5 crore round in July 2008.

In February this year, Info Edge had invested Rs 30 crore in Applect, while in 2011, it had invested about Rs 20 crore through a mix of equity and convertible preference shares.

The Noida-headquartered firm employs over 2,700 people and operates through 48 offices in 31 cities in India and overseas.

The company also has a significant presence in cities like Dubai, Riyadh, Abu Dhabi and Bahrain that cater to the Middle East market.

Besides naukri.com and jeevansathi.com, Info Edge runs real estate site 99acres.com and education portal shiksha.com.

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