Info Edge’s Hitesh Oberoi on why AI is hurting Shiksha, but not Naukri
Info Edge's education platform Shiksha experienced a 23% year-on-year drop in billings to ₹35 crore in Q1 FY27, primarily due to reduced referral traffic from Google Search linked to AI changes. In contrast, Info Edge's other businesses, including Naukri, saw growth as AI adoption enhanced monetisation capabilities. Managing Director Hitesh Oberoi attributed Shiksha's struggles to its reliance on external traffic sources, which have been negatively impacted by evolving AI-driven search behaviors.