Info Edge bets on B2B marketplace Bijnis again after 2023 write-off

Internet group Info Edge, which owns jobs platform Naukri and matrimony app Jeevansathi, has agreed to invest Rs 5 crore (around $525k) in B2B marketplace and quick commerce platform Bijnis. As part of the deal, Startup Investments (Holding) Ltd, a subsidiary of Info Edge, will subscribe to 23,683 Series B2 compulsorily convertible preference shares (CCPS) of Bijnis. The shares will have a face value of Rs 1o each, with the issue price set at Rs 2,111.19 per share.