InfoEdge Ventures Research
Investment Thesis
InfoEdge Ventures is the early-stage venture capital arm of Info Edge Ltd. (parent of Naukri.com, 99acres.com, Jeevansaathi.com), established in 2019 and backed by Temasek. The firm's guiding philosophy, drawn from founder Sanjeev Bikhchandani, is that "the secret of successful early-stage investing is to find entrepreneurs and companies that will succeed anyway - with or without you." The firm brands itself as "your partner from Seed to IPO," targeting tech-enabled ventures led by entrepreneurs passionate about solving a real problem and building an enduring business. InfoEdge leans on its parent's 25+ years of operating experience in the Indian regulatory and internet ecosystem, offering patient, long-cycle capital and support from Info Edge Ltd.'s internal legal, finance, and HR functions.
Stage Focus
InfoEdge Ventures primarily invests at Pre-Seed, Seed, and Series A, with a strong preference for being the first institutional investor. It also participates in follow-on rounds for portfolio companies that continue to execute well, through growth stage and pre-IPO.
Check Size
- Typical range: $300,000 to $5 million
- The firm has made investments both below and above this bracket depending on stage and founder need
- Total AUM across its funds: $475M
Lead Tendency
InfoEdge Ventures typically leads or co-leads early-stage rounds as the first institutional check, and participates (often alongside other investors) in later follow-on rounds.
Recent Activity
InfoEdge Ventures remains actively deploying capital in 2026. Confirmed recent activity:
- July 2026: Participated (alongside Eximius Ventures) in traveltech startup 30 Sundays' $6.7M Series A led by Bessemer Venture Partners
- June 2026: Participated in Lumiq's Series B (data and analytics for financial services), alongside Bajaj Finserv
- May 2026: Participated in Rusk Media's ~$12M Series B (digital entertainment), led by Nazara Technologies
- May 2026: Participated in ANSCER Robotics' Series A, alongside Indian Angel Network
- May 2026: Led Jurisphere's $2.2M seed round (legal AI)
- April 2026: Participated in GobbleCube's $15M Series A (led by Susquehanna Venture Capital), following its own $3.5M pre-Series A lead in 2025; InfoEdge remains GobbleCube's largest shareholder at 18.23%
- February 2026: Launched B8 Fund I, a new Rs 250 crore ($30M+) growth-stage fund to back later-stage, tech-enabled companies
Fund III (IE Venture Investment Fund III / Karkardooma Trust, INR 1,000 crore / ~$120M) received shareholder approval in May 2025.
Portfolio Highlights
InfoEdge Ventures' current portfolio spans Consumer, EdTech, DeepTech, FinTech, SaaS, B2B Marketplace, CleanTech, HealthTech, and Logistics, including 30 Sundays, Adda247, Aftershoot, Airblack, ANSCER Robotics, AppSentinels, Attentive.ai, Bandhoo, Bijnis, BlueStone, BuyEazzy, Calculus Carbon, Chatty Bao, Clean Electric, Culture Circle, DGV, DotPe, DView, Elchemy, Fanclash, FirstHive, GobbleCube, and Jurisphere.
Notable exits:
- Zomato — IPO July 2021 (initial Seed investment in 2010)
- Policybazaar — unicorn, late-stage exit
- BlueStone — IPO August 2025 on BSE/NSE (~$897M market cap at listing); still an active portfolio relationship post-IPO
- Ixigo — IPO June 2024 on BSE/NSE (~$432M market cap at listing)
- Shiprocket — unicorn, e-commerce logistics
- ShopKirana — acquired by Udaan, July 2025
- Gramophone — acquired by Unnati, January 2026
Team
Investment team:
- Sanjeev Bikhchandani, Founder, Info Edge
- Kitty Agarwal, Partner
- Chinmaya Sharma, Partner
- Amit Behl, Partner (leads the deeptech/growth-stage Capital 2B fund)
- Ankit Garg, Principal
- Rishabh Katiyar, Principal
- Sahil Dhingra, VP
- Kavya Tandon, VP
- Sanika Bhalekar, AVP
- Diven Mehta, Sr. Associate
- Sparsh Bhardwaj, Sr. Analyst
- Aakarsh Yadav, Sr. Analyst
- Paras Pasricha, Sr. Analyst
- Saloni Verma, Associate
Operations/finance/legal:
- Nitin Gupta, CFO
- Rishabh Sinha, Legal
- Ankush Jain, Financial Controller
- Purva Dutta, Governance Compliance
- Rashi Adlakha, Company Secretary
Decision Process
InfoEdge Ventures operates as a partnership with a sizeable dedicated investment team (14 investment professionals across founder, partner, principal, VP, and analyst levels), so decisions involve partnership consensus rather than a single decision-maker. The firm emphasizes an empathetic, founder-friendly process.
Founder Preferences
The firm backs entrepreneurs who are passionate about solving a specific problem and can demonstrate the ability to build an enduring business, evaluating founding-team strength, market opportunity, competitive landscape, scalability, and a tech-enabled or tech-first approach.
Geographic Focus
Overwhelmingly India-focused, with selective exceptions for Indian-founded companies with global ambitions (small allocations to US, Singapore, and Switzerland-based teams).
Fund Structure
- Fund I: IE Venture Fund I + IE Venture Fund Follow-on I
- Fund II: InfoEdge Capital / IE Venture Investment Fund II
- Fund III: IE Venture Investment Fund III / Karkardooma Trust, INR 1,000 crore, approved May 2025
- Capital 2B: deeptech-focused growth fund led by Amit Behl
- B8 Fund I: growth-stage fund, Rs 250 crore, launched February 2026
Headquartered at Tower B, Paras Twin Towers, Sector 54, Golf Course Road, Gurgaon - 122002. Note: the firm's live website now resolves at infoedgeventures.in (301 redirect from infoedgeventures.com); contact is [email protected].