Financials / Deals



India’s InfoEdge now a $2-billion company

Two recent events have apparently pushed the market capitalization of InfoEdge, the listed holding company of a clutch of online classifieds, over the mark of $2 billion U.S., according to a late-night news flash by News Corp-owned VCCircle.  The classifieds owned by InfoEdge include flagship recruitment solution providers Naukri.com and NaukriGulf.com, matrimonial site Jeevansathi.com and real estate portal 99Acres.com, to cite a few.


Naspers in the process of buying AutoTrader in SA

Naspers in the process of buying AutoTrader in SA

We heard from a reputable source that Naspers has acquired AutoTrader.co.za, South Africa's leading auto vertical. According to the source, the transaction is currently at the Competition Commission of SA for its approval. If approved, it will be one of the biggest classified deals - if not the biggest - to date in South Africa.


Investors snap up Matrimony.com’s new shares

Investors snap up Matrimony.com’s new shares

In India, the matchmaking and wedding-services company Matrimony.com successfully placed new shares in two steps. First, it allotted shares to ten so-called anchor investors, and then it successfully placed new shares in an IPO. Among the anchor investors were Small Cap World Fund, HDFC Mutual Fund, private equity fund Baring Private Equity India, and Goldman Sachs.


Frontier Digital Ventures invests in South America

Frontier Digital Ventures invests in South America

Frontier Digital Ventures (FDV) invested in Infocasas, a leading property site in Uruguay and Paraguay, and also operating in Bolivia. The investment of $952,000 U.S. ($1.2 million AUD) in cash was made for an initial stake of 31.3 percent in Infocasas. FDV was given the option to increase its stake to 51 percent by buying shares of vendors.



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