Info Edge Ltd, the owners of jobs portal Naukri.com, has made investment in another education company. Info Edge informed the stock exchanges today that it has proposed to invest Rs 6.5 crore or $1.54 million for a 40 per cent equity stake in Applect Learning Systems, a Delhi-based education content developer. It has already disbursed Rs 1 crore as part of the first tranche of the investment.
This is the second investment by Info Edge in an education company. Earlier this year, Info Edge invested $1 million in StudyPlaces Inc, as part of the latter’s $3-million series A round led by Kleiner Perkins Caufield & Byers.
Info Edge also has its own education portal – Shiksha.com.
According to the website of Applect, the company provides custom content development services to corporates with a focus on Education in the K-12 segment. Their services include development of courseware, assessment items, teaching pieces, simulations, and conventional training materials.