VCCircle

Info Edge India Ltd, the owners of Naukri.com, is having its board meeting today to consider raising funds. In an announcement to the stock exchanges, the company said that the meting is held to "discuss raising of capital through various available mechanisms in India and overseas". It's not clear what they will use the capital for. Interestingly, Naukri had raised Rs 174 crore last year via an IPO, and good chunk of it is invested for treasury operations. The company had set apart of Rs 30 crore for M&As and investments. The company is backed by Sherpalo and Kleiner Perkins, Caufield & Byers. ICICI Venture had exited Naukri completely through secondary market transactions to Fidelity Fund and others.
Naukri has also informed the stock exchanges that it had invested $500K in an Indian education portal StudyPlaces.com Inc, USA. The investment is done by a Mauritius based subsidiary of Info Edge. The company's total commitment in StudyPlaces is said to be $1 million.