Info Edge bets on B2B marketplace Bijnis again after 2023 write-off
Info Edge will invest ₹5 crore in B2B marketplace Bijnis, acquiring 23,683 Series B2 compulsorily convertible preference shares at ₹2,111.19 each. This investment increases Info Edge's stake to 20.12%, following a previous write-off of ₹77 crore in 2023 due to high cash burn. The renewed investment reflects Info Edge's confidence in Bijnis amid its profitable AI ventures.