Info Edge Ltd. on Tuesday informed the stock exchanges that it has acquired a 25% stake in Gurugram-based Juno Learning for 11 crores.
Info Edge’s portfolio includes Zomato, Shiksha among other companies.
Juno, founded by Tarun Matta, is an interactive online school platform that teaches sales techniques, processes, and tools to entry-level professionals and students in an experiential manner, to enhance employability.
As part of Info Edge’s strategy, the investment would help the company create and consolidate its presence into a niche vertical of “Sales upskilling”. It perfectly fits into the company’s playbook to invest in adjacencies to recruitment and education verticals and create synergies with its existing businesses.
The company has agreed to acquire 4,331 compulsorily convertible preference shares having a face value of Rs 10 each as the primary acquisition of shares. The aggregate shareholding of the company, post this investment, in the said entity would be 25% on a fully converted & diluted basis.
On Tuesday, Info Edge shares were trading 3.73% higher at ₹4,679.85 apiece on NSE.