Info Edge which runs recruitment portal Naukri.com will invest Rs 9 crore on e-commerce site mydala.com for expansion of operations and widen the geographical reach as well as customer acquisition.
Mydala .com is a social commerce and group buying portal which offers deals on restaurants and shopping. This is the sixth investment as part of Info Edge plan to invest in investment start-ups.
From the long term plan of Indo Edge to create further value for their shareholders.
Apart from mydala.com, Info Edge also made investments in policybazaar.com, meritnation.com, Zomato.com and Nogle Technologies. It had earlier invested in Studyplaces.com which was been exited.
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