Info Edge commits fresh capital to Adda247, Terralytics Analysis

InfoEdge, which is the New Delhi headquartered company that owns the platform, will now be going to invest in the Adda247 and real estate startup Terralytics Analysis, according to the report revealed.

The company will invest around INR 21 crore in the Adda247. The primary acquisition of the shares comes days after the Info Edge picked up a minority stake in the Metis with the help of a secondary purchase of shares.

Moreover, Info Edge announced INR 5 crore investment into the Terralytics Analysis, a Delhi based company that develops the real estate intelligence and analytics tools for the real estate and banks and consultants.

“As part of the company’s strategic investments, the investment would help the company to strengthen its position in the real estate technology segment further,” the filing said.