Info Edge to invest INR 135.4 Cr in Coding Ninjas to acquire majority stake in the edtech startup

Popular

Info Edge to invest INR 135.4 Cr in Coding Ninjas to acquire majority stake in the edtech startup

Sanjeev Bikhchandani-led internet- based Info Edge is investing nearly INR 135.4 Cr in Coding Ninjas to acquire a majority stake in the edtech startup.

Coding Ninjas provides online coding training. It also provides courses in artificial intelligence, machine learning, and other cutting-edge technologies. According to the stock exchange filing, the investment will consist of a mix of primary and secondary share purchases. Following the investment, Info Edge will own 22,836 Compulsorily Convertible Preference Shares (CCPS) and 27,089 equity shares in Coding Ninjas, increasing its stake to 51% from 26%. Coding Ninjas will become a subsidiary of Info Edge as part of the agreement. The agreement will aid Info Edge in capitalising on business synergies between its job portal Naukri and CodingNinjas.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

Popular

More Like this

Sanjeev Bikhchandani-led internet- based Info Edge is investing nearly INR 135.4 Cr in Coding Ninjas to acquire a majority stake in the edtech startup.

Coding Ninjas provides online coding training. It also provides courses in artificial intelligence, machine learning, and other cutting-edge technologies. According to the stock exchange filing, the investment will consist of a mix of primary and secondary share purchases. Following the investment, Info Edge will own 22,836 Compulsorily Convertible Preference Shares (CCPS) and 27,089 equity shares in Coding Ninjas, increasing its stake to 51% from 26%. Coding Ninjas will become a subsidiary of Info Edge as part of the agreement. The agreement will aid Info Edge in capitalising on business synergies between its job portal Naukri and CodingNinjas.

Disclaimer

At StartupNews.fyi we strive to uphold the highest ethical standards in all of our reporting and coverage. We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

More like this

Nvidia partners with Quantum Machines to combine classical and quantum machines

In a move to push the boundaries of computing...

Checkout.com launches virtual and physical card issuing

Leading global payment solutions provider Checkout.com announced the launch...

Upcoming Events

Startup Information that matters. Get in your inbox Daily!

spot_img
spot_img
Copy link
Powered by Social Snap