Info Edge to acquire CodingNinjas for Rs 39.91 crore

2 min read     Updated on 07 Jul 2026, 02:09 AM
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Reviewed by
Riya DScanX News Team
AI Summary

Info Edge approved the acquisition of Sunrise Mentors Private Limited (CodingNinjas) for Rs 39.91 crore to gain 100% ownership. The Board also approved an additional Rs 180 crore commitment to B8 Fund I, a Category II AIF, on top of a previous Rs 250 crore investment.

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info edge approved the acquisition of the entire shareholding of Sunrise Mentors Private Limited, which operates as CodingNinjas, for a total consideration of Rs 39.91 crore. The Board of Directors also sanctioned an additional commitment of up to Rs 180 crore to B8 Fund I, a scheme launched by B8 Trust, during its meeting on July 6, 2026.

Acquisition of Sunrise Mentors Private Limited

The Company will enter into a Share Purchase Agreement to acquire 74,741 equity shares of CodingNinjas at a price of Rs 5,340.23 per share. This secondary acquisition from the founders will increase Info Edge's stake to 100% on a fully converted and diluted basis, held directly and through Startup Investments (Holding) Limited (SIHL). Consequently, CodingNinjas will become a wholly-owned subsidiary of the Company.

The transaction is a related party transaction as the sellers are the founders and whole-time directors of CodingNinjas. The Audit Committee and the Board approved the consideration, which was mutually agreed upon through commercial negotiations, determining it to be in the best interests of the Company and its shareholders.

Financials of Sunrise Mentors Private Limited

The following table details the financial position of CodingNinjas as on March 31, 2026:

Metric (Rs. in crores) Turnover PAT Networth
Value 97.43 (13.36) (34.98)

CodingNinjas was incorporated on May 18, 2016, and operates an e-learning platform. The acquisition aims to maximize business synergies between Naukri and Coding Ninjas, unlocking growth and enabling Naukri to build mini AI course offerings.

Payment Structure

The total consideration of Rs 39.91 crore will be paid in cash over four tranches:

  • Rs 9.98 crore (25%) upon closing of the Share Purchase Agreement.
  • Rs 29.93 crore (75%) in three equal tranches on March 31, 2027, March 31, 2028, and March 31, 2029.

The acquisition is subject to the fulfilment of customary conditions precedent and is expected to be completed within 45 days.

Contribution to B8 Fund I

The Board approved entering into a contribution agreement with B8 Fund I to commit an additional contribution of up to Rs 180 crore. This is in addition to the Rs 250 crore previously committed and disclosed on February 26, 2026. The investment will be made directly or through wholly-owned subsidiaries.

B8 Trust is registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund. Smartweb Internet Services Limited, a wholly-owned subsidiary of Info Edge, acts as the Investment Manager and Sponsor of the Fund. The transaction is an arm’s length related party transaction.

Financials of B8 Fund I

The following table details the financial position of B8 Fund I as on March 31, 2026:

Metric (Rs. in crores) Turnover* PAT Networth
Value NA (2.18) 122.81

*Note: NA as B8 Trust was incorporated and its scheme was launched in FY26.

The scheme's life is eight years from the first closing on March 12, 2026, extendable by two years. The contribution aligns with Info Edge's strategy for external financial investments focused on long-term value creation.

Historical Stock Returns for Info Edge

1 Day5 Days1 Month6 Months1 Year5 Years
+2.29%+21.39%+20.70%-9.82%-17.33%+12.14%

What specific timeline is set for launching the mini AI course offerings leveraging CodingNinjas' platform?

How does Info Edge plan to address CodingNinjas' negative net worth and return it to profitability?

What are the key performance indicators or milestones that will trigger the deferred payment tranches to the founders?

Info Edge releases Naukri JobSpeak Index for June 2026

1 min read     Updated on 04 Jul 2026, 06:41 AM
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Reviewed by
Jubin VScanX News Team
AI Summary

Info Edge released the Naukri JobSpeak Index Report for June 2026, offering insights into the Indian job market based on job listings and recruiter searches on Naukri.com. The report analyzes hiring trends across industries, cities, functional areas, and experience bands. The filing was submitted to the NSE and BSE by Company Secretary & Compliance Officer Jaya Bhatia on July 3, 2026.

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info edge released the Naukri JobSpeak Index Report for June 2026, providing insights into the state of the Indian job market and hiring activities. The index serves as a monthly indicator, derived from new job listings and job-related searches by recruiters on the resume database of Naukri.com. This data allows for a comprehensive analysis of hiring trends across various sectors and geographies.

The report captures hiring activity across multiple dimensions, including industries, cities, functional areas, and experience bands. By aggregating data from recruiter interactions and job postings, the index offers a granular view of demand within the labor market. This information is critical for understanding sector-specific growth and regional employment dynamics.

The Naukri JobSpeak Index is available on the company's official investor relations website. The dissemination of this report is part of the company's regular updates to the market and stakeholders regarding employment trends observed through its platform.

Metric Description
Report Name Naukri JobSpeak Index
Period June 2026
Data Source Naukri.com resume database
Key Metrics Industries, cities, functional areas, experience bands

The filing was submitted to the National Stock Exchange of India Limited and BSE Limited. Jaya Bhatia, Company Secretary & Compliance Officer, signed the disclosure on July 3, 2026.

Historical Stock Returns for Info Edge

1 Day5 Days1 Month6 Months1 Year5 Years
+2.29%+21.39%+20.70%-9.82%-17.33%+12.14%

How might the June 2026 hiring trends influence Info Edge's revenue growth in the upcoming quarter?

Which sectors are expected to drive job market recovery based on the latest index data?

Could the hiring patterns in June 2026 signal broader economic shifts in India?

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