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Last month, Info Edge said its artificial intelligence portfolio has expanded to 1₹,268 crore from investments of ₹614 crore across 28 companies since 2020, delivering a 2.1x multiple and an estimated gross internal rate of return (IRR) of 31%. It said the same is now valued at ₹1,268 crore.
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Shares of Info Edge (India) Ltd. gained as much as 10% on Tuesday, July 7, reacting to their provisional business update for the first quarter of the financial year 2027. This is the biggest single-day gain for the stock since April 2024.
The company's strong double-digit growth continued in the June quarter as well and was led by the recruitment segment. Its Shiksha business grew to ₹34.6 crore in first quarter but was down 21.4% from the previous year's ₹44 crore.
Its standalone billings increased by 14.44% at the end of the June quarter to ₹737 crore from ₹644 crore last year.
Billings for its recruitment solutions business increased to ₹553 crore, from ₹470 crore during the same quarter last year.
Info Edge's recruitment segment's revenue increased by 17.5% to ₹552 crore from ₹470 crore last year, while 99 Acres' revenue was up 16.5% to ₹110 crore from ₹94.4 crore. Meanwhile, its Jeevansathi segment's revenue was up 16.5% at ₹39.6 crore from ₹34 crore in the year-ago period.
Info Edge's rupee revenue had increased 17.2% to ₹805 crore in the fourth quarter from the previous year.
Last month, Info Edge said its artificial intelligence portfolio has expanded to 1₹,268 crore from investments of ₹614 crore across 28 companies since 2020, delivering a 2.1x multiple and an estimated gross internal rate of return (IRR) of 31%. It said the same is now valued at ₹1,268 crore.
As many as 15 of the 28 companies have raised externally led follow-on funding rounds from investors such as Insight Partners, Peak XV, SIG and Vertex, it said.
The company identified AI, deeptech and consumer technology as the key drivers of future value creation across its startup portfolio.
The company said its startup investment portfolio is now valued at nearly ₹41,300 crore against a cumulative investment of around ₹4,900 crore across 135 startups.
Shares of Info Edge are trading 9.7% higher on Tuesday after the business update announcement at ₹1,123.8. The stock is still down 17% so far this year.
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