Info Edge (India) has approved an investment of up to Rs 1 crore in Nogle Technologies, an online information sharing portal.
Recently, the company had announced that it is planning to buy multiple internet businesses and build a portfolio of web properties that could be a significant revenue contributor in five years for the company. The company will spend part of its Rs 400 crore cash reserve for these buyouts.
Info Edge (India) owns one of the leading job portals naukri.com. The company is a leading provider of various portals related to online recruitment, matrimonial, real estate and education classifieds and related services in India. The company has a network of 67 offices spread across in 41 cities in India.
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