Info Edge (India) Limited has informed the Exchange regarding 'Letter to shareholders'.
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Info Edge (India) has sent shareholders a detailed letter outlining its 18-year early-stage financial investment journey, which began in 2007. This investing activity now contributes an estimated 30-40% of the company's value, second only to Naukri.com, with standout winners Zomato and Policybazaar having a combined market cap of over Rs 2.5 lakh crore and Info Edge's shareholding in them worth over Rs 31,500 crore (as of March 31, 2025). The company manages AIF funds with a total corpus of Rs 3,422.94 crore, in which Info Edge has committed Rs 1,613.75 crore and Temasek Rs 1,593.75 crore. Combined AIF and balance sheet investments show a total invested capital of Rs 3,959.16 crore, a fair market value of Rs 36,855.40 crore, and an estimated gross IRR of 36%. The letter also describes investment philosophy, lists 111 portfolio companies, and notes that Bluestone Jewellery has filed a DRHP for an upcoming IPO.
The strong 36% gross IRR and rising fair market value of portfolio investments highlight significant unrealised value beyond Info Edge's core Naukri business, which could be unlocked as portfolio companies like Bluestone go public. This is largely an investor-relations communication with no immediate financial action, but it reinforces the long-term value-creation narrative for shareholders.