Sure, here are some of the latest business developments in Info Edge:
- Info Edge to acquire Newshunt: Info Edge has announced that it will acquire Newshunt, a news aggregator platform, for Rs 675 crore. The acquisition is expected to close in the fourth quarter of 2023.
- Info Edge to invest in CRED: Info Edge has announced that it will invest Rs 75 crore in CRED, a credit card bill payment platform. The investment is expected to close in the third quarter of 2023.
- Info Edge to launch new jobs portal: Info Edge has announced that it will launch a new jobs portal called Naukri.com 2.0. The new portal is expected to be launched in the fourth quarter of 2023.
- Info Edge to expand its offline presence: Info Edge has announced that it will expand its offline presence by opening new offices in tier-II and tier-III cities. The company is also planning to open new training centers for its sales and marketing team.
- Info Edge to invest in artificial intelligence and machine learning: Info Edge has announced that it will invest in artificial intelligence and machine learning technologies. The company is looking to use these technologies to improve its products and services.
These are just a few of the latest business developments in Info Edge. The company is actively expanding its operations and is looking to grow its market share in the internet space.
Here are some additional details about each of the developments mentioned above:
- The acquisition of Newshunt will help Info Edge to expand its reach in the news and media space. Newshunt is a popular news aggregator platform with over 100 million users. The acquisition will give Info Edge access to Newshunt’s user base and its technology platform.
- The investment in CRED will help Info Edge to expand its presence in the financial services space. CRED is a popular credit card bill payment platform with over 5 million users. The investment will give Info Edge access to CRED’s user base and its technology platform.
- The launch of Naukri.com 2.0 will help Info Edge to improve its online job search platform. The new portal will be more user-friendly and will offer more features and functionality.
- The expansion of Info Edge’s offline presence will help the company to reach more job seekers and employers. The company is opening new offices in tier-II and tier-III cities, as well as opening new training centers for its sales and marketing team.
- The investment in artificial intelligence and machine learning will help Info Edge to improve its products and services. The company is looking to use these technologies to automate tasks, personalize user experiences, and improve the accuracy of its data.
The latest business development in Info Edge shows that the company is actively expanding its operations and is looking to grow its market share in the Internet space. The company is investing in new technologies and is expanding its offline presence to reach more users.
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