Info Edge (India) Ltd invests Rs 10 crore in Aisle Network Pvt Ltd

Jeevansathi Internet Services Private Limited, a wholly owned subsidiary of Info Edge (India) Ltd, announced a strategic investment of Rs 10 crore in its own wholly owned subsidiary, Aisle Network Private Limited. This transaction involves the acquisition of 10,00,000 Compulsorily Convertible Debentures (CCDs) at a face value of Rs 100 each. As a step-down subsidiary, Aisle remains a related party; however, the company confirmed that the investment is conducted at arm’s length and is intended to meet Aisle's immediate working capital requirements.

Aisle Network, incorporated in 2014 and based in Bangalore, operates a diverse portfolio of dating platforms, including Aisle, Anbe, Arike, Neetho, and Jalebi, which cater to users seeking long-term partners. The entity has shown consistent top-line growth, with its turnover increasing from Rs 31.46 crore in FY23 to Rs 39.62 crore in FY25. Despite this revenue growth, the company reported a net loss of Rs. 17.80 Crores for the fiscal year ending March 31, 2025. This fresh infusion of capital is expected to be completed within 30 days and will support the entity's ongoing operations within the Indian digital dating market.

About the Company

Info Edge is India’s premier online classifieds powerhouse, dominating the recruitment landscape with Naukri.com, which commands an 80 per cent traffic share and contributes approximately 74 per cent of the company's revenue through its massive database of 82 million resumes. Beyond its core recruitment engine, the company maintains a diverse market presence through leading brands like 99acres.com, Jeevansathi.com, and Shiksha.com, while simultaneously acting as a strategic venture investor in high-growth digital startups to expand its online portfolio.

Disclaimer: The article is for informational purposes only and not investment advice.