Blog · 6 Jul 2026
Reading between the lines of Info Edge's shareholder letter
In today’s Finshots, we give you a quick rundown of Info Edge’s latest letter to shareholders and try to understand whether its AI bets are smart or p…
In today’s Finshots, we give you a quick rundown of Info Edge’s latest letter to shareholders and try to understand whether its AI bets are smart or potentially self-sabotaging.But here’s a quick sidenote before we begin.
We’re looking for a business writer to join Finshots’ newsletter team. If you’re someone who can tell compelling stories and explain financial concepts in plain English without drowning readers in jargon, do consider applying through the link here. Or share this with someone who might be a good fit for the role.Now onto today’s story.The StoryIf you haven’t had the chance to read Info Edge’s shareholder letter released this week, here’s the gist.But first, you need to know that Info Edge is really two businesses rolled into one. On one side, it runs businesses like Naukri.com (job portal), 99acres (property listing platform), Shiksha (education discovery platform) and Jeevansathi (matrimony platform) that generate steady cash.
On the other, it uses that cash to invest in startups like a venture capital fund.And this year’s shareholder letter is almost entirely about that second business, with three main highlights:The company invested ₹614 crore across 28 AI startups. Those investments have already doubled in value to ₹1,268 crore.It has invested ₹455 crore in deeptech companies. These bets have returned a modest 1.2x so far because most of these companies are still focused on research and intellectual property.