Naukri.com parent firm Info Edge buys iimjobs.com

Bengaluru: Info Edge (India), the parent company of jobs portal Naukri.com, has acquired the venture capital-backed Highorbit Careers, which owns and operates jobs site iimjobs.com, in an all-cash deal for ₹80.82 crore.

Info Edge, a listed online classifieds company, is a prominent investor in a number of India’s largest consumer internet companies, including Zomato and PolicyBazaar. “iimjobs has managed to carve a niche for itself and has built a great brand in the premium jobseeker community. Its value proposition strongly complements Naukri’s proposition to its customers,” said Hitesh Oberoi, CEO of Info Edge, in a statement. The transaction is likely to close by June 30.

Info Edge said, separately, it had swung to a profit in the fourth quarter. For the quarter ended March 31, the company, reported a net profit of ₹66.31crore, or ₹5.39 per share on a diluted basis, compared to a loss of ₹13.75 crore in the year-ago quarter, on a standalone basis.


Billings for the fourth quarter came in at ₹360.9 crore, up almost 19% compared to the year-ago period. The company, India’s first internet business to list on the bourses, recorded a total income of ₹323.08 crore, up almost 23% compared to ₹263.18 crore for the year-ago period. The company also reported a 54% jump in operating Ebitda at ₹91.3 crore.