Intermediate
Case Study: How Info Edge's Early Bet on Zomato Paid Off
Info Edge, the listed company behind Naukri, wrote one of the most profitable cheques in Indian startup history when it backed Zomato as a tiny restaurant-listing site. This case study looks at the bet from the investor's side of the table. Why a profitable recruitment business went looking for startup bets at all, how it kept writing follow-on cheques through dilution and near-death years, how the stake showed up in Info Edge's own financial statements and share price, what the 2021 IPO and lock-in actually allowed it to sell, and how it recycled gains into new bets. It finishes with the power law maths behind venture returns and a practical playbook for angel and HNI investors building a startup portfolio of their own.
Info EdgeZomatoVenture InvestingFollow-On InvestingHolding Company DiscountCase Study
MODULES
5
DURATION
~2.5 hrs
TRACK
Alternative Investing
What You'll Master
Why a cash-generating listed company like Info Edge chose to invest in early-stage startups
How follow-on investing and dilution shaped Info Edge's ownership of Zomato from seed round to IPO
How a strategic stake is accounted for, and how it moves from associate to fair-value investment
How to value a listed holding company with a sum-of-the-parts model and why a holding company discount appears
What lock-in rules and partial exits mean for turning a paper gain into realised cash
How power law returns work, and how to apply the Info Edge playbook to your own angel or HNI portfolio
Access Level
LEARNER
Everything included
Full Text Playbooks
Actionable Exercises
Mobile Reading Mode
Lifetime Updates