Info Edge which is recognized as India’s premier online classifieds company in recruitment, matrimony, real estate, education and related services has opened a capital fund called Info Edge Venture Fund (IEVF).

The company that owns major brands like Naukri.com, 99acres.com, jeevansathi.com & shiksha.com is termed as one of the very few profitable pure play internet companies in the country.

As one of the pioneers of internet entrepreneurship in India, Info Edge continues to leverage its expertise

in operating internet business to invest in early-stage startups addressing consumer needs in the rapidly growing Indian internet market.

According to an (NSE) National Stock Exchange filing, Info Edge said that the newly launched alternative investment fund will invest in tech and tech-driven startups that launch tech-enabled innovative products and services that have huge benefits.

Info Edge is early-stage investors in consumer internet startups in India having deployed USD 140mn+ so far. Though it has launched the new venture now, It has previously invested in early and partner with passionate founders for the long-term to build enduring companies. Some of the marquee consumer internet names that Info Edge has backed over the years include Zomato, Policybazaar and Meritnation (India’s leading online K-12 education platform) among others.

ET reported that the company also stated in its filing that it had entered into a “contribution agreement” to invest about INR 100 crore into the new fund. It is, however, yet unclear if the company will bring in external investors to back the fund alongside it, or the stage in which it will invest in potential companies.