Thread by @ValueEducator

Long Thread on #InfoEdge 🎓🥘
Price : ₹ 5458

Like & Retweet For Better Reach !!

1. COMPANY OVERVIEW
2. NAUKRI
3. 99ACRES
4. JEEVAN SATHI
5. SHIKSHA
6. INVESTMENT PORTFOLIO
7. INFO EDGE VENTURES
8. ZOMATO
9. POLICYBAZAAR
10.HAPPILYUNMARRIED
11. MERITNATION
12.OTHER INVESTMENTS

13.KEY HIGHLIGHTS

1. COMPANY OVERVIEW
➡️ The company was incorporated on May 1, 1995. INFO EDGE MAINLY has 4
core verticals, Recruitment(Naukri.com), Real Estate(99acres.com),
Matrimony(Jeevansathi.com), Education(Shiksha.com)

➡️Apart from this Info edge has a subsidiary named INFO EDGE VENTURES, it is an AIF i.e Alternative Investment Fund through which they invest in technology and technology enabled entities. They invest in early age start-ups as an pure investor & portfolio consists

of big startup names like Zomato, Policybazaar etc.

2. NAUKRI
➡️ This is the company's flagship brand and India's largest online job website. Naukri’s revenue comes 90% from B2B and 10% from B2C.
➡️Its business model depends on job listings and employer branding or visibility

advertisements, and resume database access, and they also provide job
seeker services like candidate services such as resume writing, highlighting etc.
➡️ They also provide a service called recruitment management system(RMS) to many companies.

➡️ Naukri’s traffic share is > 85% as compared to its competitors.
➡️Naukri has more than 78 million resumes with an average of 800k resume searches daily
➡️ Naukri’s 35% of the revenue comes from the IT & ITES industry, followed by 25% by recruitment firms.

➡️ Attrition in the IT industry is an important factor affecting the revenue of Naukri.
➡️ Naukri growth also depends on the Indian as well as the US economy. If the US economy grows attrition in the IT industry in India will rise and will benefit Naukri.

Recruitment vertical Financial highlights

➡️In Q2FY22 Recruitment billings were 291.1 cr and REVENUE was 256.5cr up 40.5% YOY
➡️Naukri is a high ebitda margin business with a consistent margins of more than 55%
➡️ In Q2F22 Naukri reported its highest margin of 60%

➡️The recruitment vertical of info edge also consist of other platforms like
Firstnaukri.com, NaukriGulf.com and Quadrangle.com

Firstnaukri.com is one of the largest job search networks for college students and recent graduates, the site

is exclusively targeted at entry-level hiring.

Naukrigulf.com is Info Edge's foray into the Gulf market. It is focused on the six GCC countries with the UAE being its strongest and biggest market
followed by Saudi Arabia, Qatar, Bahrain, Oman and Kuwait.

Quadrangle offers off-line placement services to middle and senior management, with revenues based on a success fee model.

➡️ Info Edge continues to do strategic acquisitions,
like iimjobs,hirist.com, zyayam, Doselect.com.

3. 99 Acres
➡️99 acres is one of India's first online platforms to cater to the real estate market. It is an online forum where buyers, sellers and brokers/agents can exchange information about real estate properties quickly, effectively and inexpensively.

➡️ A person can advertise a property, search for a property, browse through properties, build your own property microsite, and keep yourself updated with
the latest news and trends making headlines in the realty sectors.

➡️ Property Owner can list his/her property for sale or rent. Owner listing is free on the platform.
➡️Real estate market is very cyclical in nature. The duration of the cycle is long, more like 5-7 years. 99acres has been in the downside of its cycle for the past 5 to 7 years.

➡️ Following were the main reasons for it
1. Demonetisation
2. RERA
3. NBFC Crisis
4. Covid-19
➡️ In FY14-15 info edge had raised 750cr through QIP to build a war chest for 99Acres but it was not fully utilized due to slowdown in the real estate market.

➡️ But real estate cycle seems to b turning around with lower interest rates, lower inventories and better demand.
➡️ 99acres traffic share has been around 37-40% from the past few years.

It get revenue from 4 verticals- New homes, resale homes, rental properties & commercial properties. A good amount of revenue is also generated from banner ads, Re-targeted ads on their platform.
➡️ 54% of the revenue comes from brokers, 40% by builders and 5% by owners.

Real Estate vertical Financial highlights
➡️During Q2FY22 99acres had a revenue of 48.3cr and an ebitda loss of 18.6cr as compared to 1.2cr ebitda profit in Q122.
➡️As of 30th sept 2021,total property listing on 99 acers were about 10,11,458 (including 5,40,554 owner listings)

4. Jeevansathi
➡️Jeevansathi.com was acquired by Info Edge in September 2004
➡️ Online matchmaking is a large opportunity in India with the organized industry doing a topline of Rs. 7-8 billion
➡️Jeevansathi has a subscription-based platform to connect prospects.

➡️ The website has a revenue model which is free to list, search and express interest, but pay to get contact information. User’s can create his/her profile on the platform that include name, contact no.
picture, religion/caste etc.

➡️ Jeevansathi is a leader in north and west markets and no. 3 across India after shadi.com and bharatmatrimony.

Matrimonial vertical Financial highlights
➡️ During Q2FY22 jeevansathi reported revenue of 25.4cr and an ebitda loss of 20.2cr.

➡️ Management continues to believe in its platform as the opportunity size of this industry is large.
➡️ There are more than 1500+ matrimony sites as per different cast and religions.

5. Shiksha
➡️Shiksha.com is primarily a portal for information exchange; it connects the education seeker with the education provider

➡️ A student can access comprehensive information on colleges, courses, scholarships, admission notifications, ask questions and get answers from
users/experts and view recommendations for various colleges and courses.

➡️ The site provides tools that enable its users to make a well informed decision by interacting with a community of users, domain experts and college/school alumni.
➡️ Platform has 4,000 institutions, 40,000 plus courses and has a registered database of more than 3.5 m students.

➡️ Shiksha has more than 302million visits annually, more than 6.7 million registrations annually and 742 million page views annually.
➡️ Revenue mainly comes from advertisements and other services.
➡️ During Q2FY22 revenues were about 21.6cr and EBITDA was 6.2cr

Investment portfolio

Info Edge has set up an “Alternative Investment Fund (AIF)” named Info Edge Venture Fund (IEVF) to invest in technology and technology enabled
entities. Smartweb Internet Services Ltd., a wholly-owned subsidiary of the Company acts as an Investment Manager/Sponsor to the Fund.

1. Zomato
➡️In FY2011, the Company committed `47 million in DC Foodiebay Online Services Private Limited i.e ZOMATO.
➡️ During its initial years Zomato’s main business model was restaurants listings and monetization of traffic around that. Later they added the food delivery
part.

➡️ Now, Zomato is a platform to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants.

➡️ Zomato also works in the B2B segment where they supply high quality
ingredients and kitchen products to restaurant partners. This segment is
called as hyper pure

➡️ Before IPO info edge had around 20% stake in zomato and after IPO info edge participated in the sale and sold 49.3 million shares for a total
consideration of rupees 375 crores and booked the gain on sale of investments of rupees 357.14 crores making their share to 15.29%

➡️ Info edge had invested in zomato in 2010-11 during the early ages of the
company and used to hold more than 50% stake during that time.
➡️ Indo edge has also booked an unrealized market- mark-to-market gain of Rs 7867.7 crores till date of listing of Zomato.

➡️In FY17-18 Zomato received a funding of US$150 million from Ant Financial. Info edge sold 15% of their holding in Zomato to Ant Financial for a consideration of US$50 million (which is 6.7% of Zomato shares equivalent to 15% of their stake in the company)

➡️ Sanjeev Bikhchandani founder and chairman of info edge is also a board member in zomato.

2. POLICYBAZAAR
➡️ PB Fintech Limited, doing business as policybazaar.com, develops and publishes an online financial services platform.

The Company offers a consumer centric platform by partnering with financial services companies
such as insurance companies to help customers select products and schemes that best suit their requirements.

➡️ Users can compare term insurance, pension plans or retirement plans, child plans and investment plans, endowment plans and unit linked plans. For general insurance products, the user can compare health insurance or mediclaim plans, car insurance, two-wheeler insurance, travel

insurance and home insurance products.
➡️ The revenue is derived from various services provided to insurance companies and banks, ranging from transaction support, platform development and marketing activities.

➡️ The group also operates paisabazaar.com, which is an online financial services comparison platform and allows its users to apply for loans via its platform.

➡️The Company has invested `5,758.04 million in PolicyBazaar in aggregate and as at september 31, 2021 holds economic interest of about 13.98% in
PolicyBazaar.

3. HappilyUnmarried
➡️ Happily Unmarried is a youth lifestyle brand.Happily Unmarried is a range of
grooming products for women.
➡️Happily Unmarried is an e-commerce platform running niche brand like Ustraa, a leading grooming & personal care brand aimed at the young Indian
male.

➡️It’s 4 core categories are : Beard Care, Hair care, Fragrances & Washes. It earning Systems Private Limited.
➡️ The Company through its wholly owned subsidiary, has invested `323.5 million in Happily Unmarried as on September 31, 2020 and has 29.88% stake.

4. Meritnation
➡️Applect launched a site called meritnation.com, which delivers kindergarten to Class 12 (K-12) study material online for students who wish to do self-study after returning from school.

➡️ The site is managed by an experienced team that specializes in content sells through its own website, online market places and through super markets
across the country.
➡️Applect Development and assessment modules in the education space,and have a strong commitment to delivery

It provides :
1. Online educational assessment for school students
2. Free solutions mainly for mathematics and science for standard 2 to 12 of popular national curricula such as CBSE and ICSE. It has added some state
board curricula as well

3. Paid product for online assessment and teaching solutions
4. Test preparation material for competitive examinations such as engineering and medical

In FY19-20 info edge sold its stake in meritnation for 50cr.

➡️Recently they had made investments in a few companies like NoPaperForms, which is an education software provider, Coding Ninjas, which is an edtech.
They also invested in Greytip, which is an HR services, HR software company

They invested in a company called Univariety. They sell software to education - they have education offerings, which target school students and schools

Companies like graphophone,shopkirana,shoekonnect,adda247 are also their key investments.

➡️ Their key strategy is to invest in early age startups and look for long term game.
➡️ In the AIF they have got a pocket where 10% of the funds go into next stage investments. so they also invested in Shiprocket and Goeasygo from that pocket.

➡️Written off / provisioned investments ( fully/ partially) – Studyplaces, 99Labels, Nogle Technologies, Canvera Digital, Kinobeo Software Pvt. Ltd. (Mydala), Green Leaves Consumer Services (Bigstylist), Rare Media Co., Vcare TechNologies
( Diro Labs)

and Mint Bird Tech. (Vacationlabs), Applect
Learning (Meritnation), Wishbook, Unnati , Ideaclick
( Zipserve) and Printo
Document services and Pvt Limited ( Partial Provision)- Total amount written
off is Rs 3,339 Mn.