Indian job board Info Edge announced that its Board of Directors have approved a further investment into Coding Ninjas, an online learning platform in India owned by Sunrise Mentors Private.

Info Edge is investing INR 1.35 billion (USD 16.6 million) in Coding Ninjas. The investment takes Info Edge’s stake from 26% to 51% and makes Coding Ninjas a subsidiary of Info Edge.

The Investment is subject to fulfilment of certain customary conditions precedent and other terms and conditions agreed under the relevant agreements. Info Edge added that this investment would help the company to explore and maximise business synergies between the two platforms, Naukri and CodingNinjas.

According to Info Edge, there is also an option to increase its stake in CodingNinjas in the future subject to fulfilment of certain conditions and performance milestones.

CodingNinjas was incorporated on 18 May 2016, and is engaged in the business of education and operation of its online learning platform.

In SIA’s recently published Online Job Advertising Landscape, Info Edge was highlighted as the most acquisitive online job advertising brand globally with five deals since the beginning of 2021 – and now six with the addition of CodingNinjas.