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.

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