After Turning Zomato & Policybazaar Into Generational Companies, Info Edge Ventures Launches Third Fund…

Info Edge Ventures, the venture capital arm of Info Edge India Ltd (India) and an early investor in unicorns like Zomato and Policybazaar.com, is all set to roll out its third fund. The firm has secured a ₹1,000 crore anchor commitment from its parent company and aims to raise a total corpus of $180–200 million (approximately ₹1,500–1,700 crore).

This fund is only slightly larger than its second fund ($167 million in 2022) and broadly in line with the first fund raised in 2019, which included a $100 million base plus a $100 million greenshoe option.
While Temasek, the Singapore government-backed investor, contributed nearly half the capital in earlier rounds, InfoEdge Ventures declined to confirm its participation this time as discussions are ongoing.

The fund will maintain its sharp focus on early-stage, tech-first startups. Key sectors of interest include artificial intelligence (AI), SaaS, B2B platforms, and emerging areas such as climate tech, cybersecurity, and defence technology.

In a conversation with Moneycontrol, partners Chinmaya Sharma and Kitty Agarwal emphasized that small, agile funds tend to outperform in India’s dynamic startup ecosystem. With India witnessing waves of innovation—from food delivery and fintech to now AI—the firm believes in backing technology at the core and spotting high-potential founders at the earliest stages.

“We often invest when it’s just three founders in a garage,” said Sharma, underscoring their conviction in early-stage bets. The fund is also keeping a close eye on opportunities emerging from Tier-2 and Tier-3 cities—often referred to as “Bharat”—as well as rapid growth in quick commerce.