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India – Info Edge invests in Bizcrum Infotech

23 November 2018

Info Edge India, the Indian job board, has invested, through its wholly-owned subsidiary, INR 30 million (USD 0.4 million) in Bizcrum InfoTech (ShoeKonnect).

Bizcrum develops ShoeKonnect, a B2B (Business-to-business) marketplace mobile app that enables footwear brands, manufacturers, wholesalers and retailers to connect, communicate & transact with each other for conducting and expanding their business.

The aggregate shareholding of the company, after the investment, would be 27.27% on fully converted & diluted basis.

In the second quarter ended 30 September, Info Edge reported revenue from operations of INR 2.65 billion (USD 36.0 million).

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