Info Edge (India), which owns and operates classifieds sites like Naukri.com, 99Acres.com, Shiksha.com and Jeevansathi.com will invest Rs. 5 Crores in a second round of funding in Applect, which runs the e-learning site MeritNation, targeting students giving school exams in India. Info Edge had picked up 40% stake in MeritNation for Rs. 6.5 Crores. While they haven't disclosed how much their stake they'll own in Applect after this round of funding, Info Edge now classifies Applect as a subsidiary company, and MeritNation's website has a banner stating that it is a "Naukri.com group venture". Another investment, eTechAces, is now classified by Info Edge as an 'Associate Company'. eTechAces runs the site PolicyBazaar. In 2008, Info Edge had picked up 49% in eTechAces for Rs. 20 crores. During 2010-11, Info Edge intends to invest around Rs. 12-14 crores in Applect and EtechAces, compared to Rs. 8-9 crores in the 2009-10 fiscal. Their third investment hasn't come off well, though the company was acquired by Educomp. Info Edge has said that "one time charges in the P&L pertain to the loss on account of sale of investment in Studyplaces.com" The company, however, reported positive results for the quarter ended March 31st 2010, indicated in particular by a year-on-year increase in its deferred sales revenues, up to Rs 53.1 crores as on March 31st, 2010, compared to Rs 49.4 crores at the end of the last fiscal. Our report on their financial results here. Segment-wise notes from Info Edge's earnings conference call: Recruitment…
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