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. 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.
Sector Focus
InfoEdge Ventures is a generalist, India-focused fund with a diversified portfolio spanning e-commerce and marketplaces, fintech and payments, edtech, enterprise software, healthcare/healthtech, logistics and supply chain, robotics and automation, climate and clean energy, travel, legal-tech, cybersecurity, agtech, and gaming/esports. AI/ML is the dominant technology thread across the portfolio.
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, and runs a dedicated growth-stage vehicle (B8 Fund I, launched February 2026) for later-stage checks.
Check Size
- Typical range: $300,000 to $5 million for early-stage checks
- The firm has made investments both below and above this bracket depending on stage and founder need (e.g., the ~$1.03M/Rs 8.90 crore Udyogtech Ventures strategic check in August 2026)
- Total AUM across its funds: approximately $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 through August 2026. Confirmed recent activity:
- August 2026: Led YOGa Clean Air's Rs 20 crore Series A (indoor air-quality technology), with participation from Deepinder Goyal
- August 2026: Board approved a Rs 8.90 crore strategic investment in Udyogtech Ventures (workforce-tech brand Factrika) for an initial 18.58% stake
- 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 Ventures
- May 2026: Led Jurisphere's $2.2M seed round (legal AI), with Flourish Ventures, Antler, and 8i Ventures
- April 2026: Participated in GobbleCube's $15M Series A (led by Susquehanna Venture Capital), remaining GobbleCube's largest shareholder
- February 2026: Launched B8 Fund I, a new Rs 250 crore ($27M+) growth-stage fund to back later-stage, tech-enabled companies
- May 2025: Fund III (IE Venture Investment Fund III / Karkardooma Trust, INR 1,000 crore / ~$118M) received shareholder approval
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, Bijnis, BlueStone, Culture Circle, DotPe, FirstHive, GobbleCube, Jurisphere, Lumiq, Rusk Media, Shiprocket, YOGa Clean Air, and Udyogtech Ventures (Factrika).
Notable exits:
- Zomato: IPO July 2021 (initial Seed investment in 2010)
- Policybazaar: unicorn, late-stage exit
- BlueStone: IPO August 2025 on BSE/NSE
- Ixigo: IPO June 2024 on BSE/NSE
- 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
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.
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.