Infoedge (Naukri.com) sets aside 50 crores for E-learning, Acquisitions and Staff Expansion!

By Rajiv Dingra • October 15, 2007

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Infoedge Ltd the only dotcom to go public in India has made an announcement that it shall be keeping over 10 million $ i.e. 50 crores for setting up e-learning and education based site, acquiring existing online businesses that have synergy with their current sites and also for increasing staff strength and expansion of their other site besides naukri.com i.e. jeevansaathi.com and 99acres.com.

Infoedge COO Hitesh Oberoi said “Other portals owned by the company such as Jeevansathi.com (matrimonial site), 99acres.com (real estate site) and NaukriGulf.com (recruitment portal catering to the Gulf countries) would continue to see investments until these businesses breakeven. Jeevansathi.com is expected to breakeven in March 2008 and 99acres.com after that”

He also clarified that though naukri.com was looking at acquisitions there is no timeframe or budget set for the same. I guess we can hope to see some interesting acquisitions from India’s first listed dot com company on the Indian stock exchange.

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Categories: Web
Tags: infoedge expansion, naukri, naukri acquires, Naukri.com

About the Author

Rajiv Dingra

Rajiv is a prolific blogger who has over 1000 blog posts to his credit at WATBlog. The Founder & CEO of WATMedia our parent company and the Chief Blogger at WATBlog, he has been the driving force of the WAT Evolution. Rajiv does some excellent analysis of the digital media industry in India and often brings out deep insights with his inimitable style of interviewing. Just mail rajiv|at|watblog|dot|com and it will reach him..