Info Edge invests Rs 30 cr in new education portal

Tags: Companies
Online education player Meritnation.Com on Monday said internet firm Info Edge, which owns the job portal Naukri.Com, has invested Rs 30 crore in it. Following the latest move, Info Edge's total investment in Meritnation.Com has risen to Rs 61.5 crore. Earlier, Info Edge had invested Rs 31.5 crore in Meritnation.

“The funds will be largely used to build our brand, expand geographically, offer new boards and create new products for existing customers,” Meritnation.Com founder and CEO Pavan Chauhan said. The digital landscape is witnessing rapid changes and students are increasingly looking for 'anytime anywhere' content to help them in studies, Chauhan added.

“Meritnation.com is aggressively investing in developing device agnostic educational solutions and keenly looking at being at the forefront of this change,” he said.

At Present, the site attracts more than 7,500 new registrations daily, while traffic to the site has grown by 100 per cent over last year, Chauhan said. Meritnation.Com, launched in 2009, provides educational services to students studying in Indian boards across India, UAE, Saudi Arabia, Oman, Kuwait Qatar and Bahrain.

Info Edge has been investing in emerging Internet firms such as policybazaar.Com, mydala.Com, 99labels.Com and zomato.Com. Last week it announced that it has invested an additional Rs 55 crore in restaurant guide service Zomato.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The current value of the rupee does not merit market intervention

    The rupee, losing 40 paise per month against the dollar since May, is expected to remain under pressure till the calendar runs out on December 31, bef

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture