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India – Info Edge invests $12.5 million in subsidiary Allcheckdeals (India Info Online)

02 September 2022

Info Edge which runs the Naukri job board, has invested an amount of INR 1 billion in Allcheckdeals India Pvt. Ltd, a wholly owned subsidiary of the company, reports India Info Online. Allcheckdeals is engaged in the business of brokerage services in the real estate sector in India. Info Edge stated, “"The said investment is to further strengthen Allcheckdeals financially in order for it to pursue its strategy of developing services with the use of technology and innovative business models in the large sized and rapidly growing real estate vertical through organic or inorganic channels. This would enhance value of the Company's investments on the one hand and on the other, it will boost synergies with the Company’s operating business in the same vertical."