Can Info Edge find another Zomato? (opens original article in a new tab)

Info Edge has made significant investments in AI and deeptech startups, with a strong track record in consumer technology, but faces risks from uncertain cash flows and reliance on its recruitment business.

• Info Edge invested ₹614 crore in AI startups and ₹455 crore in deeptech ventures since 2020
• Its consumer tech portfolio has a gross IRR of 34% with investments in companies like Eternal and PB Fintech
• Info Edge faces risks due to uncertain cash flows and reliance on Naukri for most of its revenue
• The company's stock has declined 33% over the past year and trades at a high 50 times FY27 earnings
• The management believes growth will come from AI and deep tech but these portfolios require longer gestation periods