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Info Edge ups stake in BigStylist with an additional Rs 6 crore investment

Info Edge, the parent company of online services such as Naukri, 99Acres and others, has invested an additional Rs 6 crore in BigStylist. With this, Info Edge's stake in Big Stylist is at 39% on a fully converted and diluted basis, the company said in an update to the stock exchanges. BigStylist runs an on-demand market place for beauty professionals and Info Edge has so far invested Rs 12.4 crore in the company. It had invested Rs 6.4 crore for a 25% stake in BigStylist back in December 2015. Info Edge has been steadily increasing its investment in companies that it considers strategic investments. - Last month, it acquired a majority stake in Canvera, a company which provides customized photobooks, and allows users to search and contact professional photographers in a city. Canvera raised Rs 20 crore in the round, of which 17.3 crore was from Info Edge, and the rest was from “certain existing and undisclosed investors”. This pushed Info Edge’s stake in Canvera to 57%. - In July, it invested an additional Rs 5 crore in online gifting website Happily Unmarried through convertible preference shares. Accordingly, Info Edge’s total investment in Happily Unmarried stands at Rs 21.3 crore and owns 48% stake in the company. - Mobile phonebook management company Dirolabs raised  Rs 3 crore (via convertable shares) from the company, selling 11.5% stake to the company. Dirolabs is valued at around Rs 26 crores, approximately $3.8 million. -  Info Edge picked up 28.5% stake for Rs 4 crore in a job portal for unskilled workers called unnatihelpers.com, valuing…

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