INFOEDGE
Sacred Games: How Indian mythology is taking over gaming consoles
Indian gaming enthusiasts now have access to games rooted in Indian history and culture, like managing the Ayodhya Ram Temple's functioning and building the Vande Bharat Express. Players can immerse themselves in the world of the legendary Tamil emperor Rajendra Chola and experience high-speed chases and stealth attacks.
F&O stocks for today: TVS Motor, InfoEdge among top 6 trading ideas for 5 February 2024
Positive setup was seen in stocks like BPCL, IOC, Abbot India, GMR Infra, SAIL, MCX, HPCL, NMDC, Power Grid, Coforge, PNB, ONGC, Tata Steel, NTPC, TCS, Coal India, Exide Ind, Tata Consumer, Infosys, Indigo, Canara Bank, TVS Motor, RIL and Cummins India.
Gaming company Funstop Games secures $1.5 million funding from InfoEdge Ventures
Founded by Prashanth Vijay and Tamesh Sharma, Funstop Games claimed its games have seen over 50 million downloads and contributed over $4 million in revenues.
Hotel stocks a good space to be in for next couple of years: Rahul Chadha
They like playing in derivatives, F&O that gives them the bang for the buck. They are levered on that. I think we need smart anchors like you guys to help them there. That is the only thing I will say.
Backing Rahul Yadav's 4B Networks was a mistake, says Info Edge's Sanjeev Bikhchandani
The consumer internet group has initiated arbitration proceedings against its portfolio company 4B Networks, founded by Housing.com cofounder Rahul Yadav, after the startup failed to provide crucial information about its operations and management for a forensic audit.
Breakout Stocks: How are Cipla, Zomato and InfoEdge looking on charts for Monday’s trade?
Stocks that were in focus include names like Cipla which hit a record high and closed with gains of nearly 4%, Zomato rallied over 10% and Info Edge closed with gains of nearly 8% with a rise in volumes on Friday.
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Pashupati Advani on his top bet among new age stocks, M&M buying RBL stake and more
"I am still looking at Paytm as the mover for the market. I think that should be looked at. I would like it to be a little cheaper. It has come down a little bit from Rs 800 plus. In the mid 700s, it was probably a good play. As I said, I am in and out and so I am taking it as a trading stock as well."
InfoEdge subsidiary invests about Rs 1 crore in healthtech startup BrainSightAI
RedStart holds 4% stake in BrainSightAI on a fully converted and diluted basis. However, aggregate shareholding of the company after the current investment cannot be estimated, the filing further stated.
Here's why Harendra Kumar is bullish on Bajaj Finance
But I think it is getting resolved in the minds of investors. And if growth is making a comeback that we believe it is, Bajaj Finance could lead the NBFC pack at the moment.
VLCC to acquire D2C men’s grooming brand Ustraa through strategic merger
The acquisition marks VLCC’s foray into specialised men's grooming and enhances new age digital commerce and product innovation capabilities for the platform, the company said. Ustraa founder Rahul Anand and Rajat Tuli will continue to spearhead the D2C brand’s growth and drive VLCC's direct to consumer play. Ustraa's existing Investors InfoEdge, 360 One (formerly IIFL Ventures) and Wipro will become shareholders in VLCC.
Is Rahul Yadav, the sacked founder of Housing.com, still cruising for a bruising?
Consumer Internet group InfoEdge has initiated a forensic audit of its portfolio company 4B Networks founded by Yadav for not disclosing details of financial transactions and related-party activities when asked for by the investor. In a stock exchange filing, InfoEdge said it hired Deloitte to conduct a forensic audit of the property-tech startup.
InfoEdge appoints Deloitte for forensic audit of Rahul Yadav’s startup 4B Networks
In a stock exchange filing, InfoEdge has said that it has appointed Deloitte to conduct the forensic audit into the affairs of the property-tech startup.
Chart Check: Info Edge back above 200-DMA on daily charts; near term target seen at Rs 4,400
Experts predict that Info Edge, a company in the consumer services industry, could surpass Rs 4,000-4,400 levels despite a 16% drop from August 2022 highs that saw it close at Rs 3,890 on 22 May 2023. The stock bounced back from its short-term moving average and is trading above 5,10,20 and 30-day moving averages, indicating the upward trend is likely to persist. Furthermore, the breakout level from the head and shoulder pattern at Rs 3,580 is now an important support level and traders are advised to buy now or on slight dips for short-to-medium term gains.
JP Morgan is bullish on these three new-age stocks. Will they keep up?
"Our positive views come from two emerging trends that reflect strongly in the third quarter performance, that is, profitability across contribution margins improved adjusted Ebitda for all, as companies shifted focus to profit over growth, and platform economics to an extent have begun playing out," JP Morgan said in a note.
Chart Check: Down over 30% from Jan 2022 highs, time to go short in InfoEdge with a target of Rs 3,350
Broad market indicator Nifty has formed a bearish engulfing pattern on the monthly chart and the daily chart shows stiff resistance at 18300 to 18400 in the near term. The Nifty IT sector continued to be under selling pressure.
India’s fastest wealth creation in next 10 years will be in internet companies: Pankaj Murarka
"I continue to remain a structural bull on all internet companies. India’s internet penetration is at pretty low levels and our internet economy is at a very nascent stage. I firmly believe that over the next 10 years, the internet economy will be the fastest growing segment of the overall economy.The next 10 years in India is all about digitisation and internet."
What's TOMA? Sanjeev Bikhchandani cites an example with Zomato
'Top-of-mind awareness' simply refers to a brand or specific product being first in customers' minds when thinking of a particular industry or category. Remember, 'Xerox', the brand that became synonymous with photocopying itself.
InPrime FinServ raises $1.45 million in seed round from InfoEdge Ventures, Titan Capital, others
The firm plans to channelize this fundraise to ramp up hiring, conclude product development and initiate the process to apply for an NBFC license from the Reserve Bank of India.
Looking to bet on fallen angels? Here’s what you can buy, suggests Digant Haria
"From these entire fallen angel categories, there are a few good business models. Nykaa and Policy Bazaar are two genuinely good business models. If one evaluates whether anybody has created a monetising machine in the fashion and beauty space or in the insurance space, these two definitely make the cut, unlike the CarTrades or Paytm or Zomato. Zomato has a good business but I think they have to really compete with Swiggy which has even deeper pockets."
Sanchiconnect to facilitate $50 million funding in Indian deep-tech companies
The platform has come out of stealth mode in the last week of August and has already confirmed three successful term sheets through the investor partner network.
3 internet stocks that can rally up to 63%: Yes Securities
Indiamart has a dominant market share in B2B classified business with around 65 per cent market share in paid listings. The strength of the business model is visible in the 12 per cent CAGR growth in paying subscribers and 31 per cent CAGR growth in the number of registered buyers over
Naukri B2B hiring biz up 80%, rejigging Jeevansathi business model: Hitesh Oberoi
“We are experimenting with a new model in matrimony business. The chat on the side is now free which was not the case earlier. This is helping us differentiate from the other players in the market. As a result, we are likely to sacrifice revenue for some time. In fact, the revenue billing growth this time in Jeevansathi was minus 30%. But that is part of the plan.”
I check Zomato price only when somebody pings me about it: Deepinder Goyal
“The stocks Uber sold were like 2.5x subscribed, I do not know. I have been getting these whatsapp messages that Uber stock was subscribed 2.5x or some other message said 4x. I have no idea what is the truth but there is so much interest in buying the stock as well.”
Payroll management startup Tartan raises $4.5 million in funding from 500 Global, others
The firm will use the funds to scale its go-to-market operations, expand its in-house engineering team and enhance its product offerings.
Whatsapp shopping startup Chattybao raises $5 million in funding from InfoEdge, Vertex
Chattybao is founded by Kumar Aditya, former chief business officer at Paytm, and Varun Gupta, former director at B Capital Group.
India is changing; internet stocks forming 6%-7% of the total portfolio is not too much: Adrian Lim
“I am sure we will make mistakes and we have made mistakes in the past, we will make mistakes in the future but it is an exciting space and we will continue to use those kinds of criteria to pick up stocks and we will continue to look for ideas within the internet, new age tech space, which is pretty dynamic in India.”
Big Movers on D-St: What should investors do with Adani Power, AIA Engineering and InfoEdge?
Sectorally, selling pressure was seen in power, utilities, banks, oil & gas, and finance stocks while some buying was seen in realty, metals, and consumer discretionary counters.Stocks that were in focus included Adani Power which fell by about 5 per cent
Sanjeev Bikhchandani on IPO pricing, identifying multibaggers & corporate governance in startups
“The startups have to make sure while going for an IPO to leave enough on the table for the incoming investors while at the same time not short charge the current shareholders. It is a fine dividing line. Also, corporate governance is important for everyone including start-ups. It is never too early to be well governed.”
Temasek to anchor InfoEdge funds, to put half of corpus
InfoEdge, an early backer of food delivery app Zomato and online insurance aggregator PolicyBazaar, takes initial bets in companies and backs it with more capital in subsequent rounds.
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