wordpress blog stats
Connect with us

Hi, what are you looking for?

Info Edge Venture Funds raises ₹375 crore from Temasek

Info Edge Venture Fund has raised ₹375 crore from MacRitchie Investments, a subsidiary of Temasek Holdings, according to a stock exchange filing. The venture fund was set up in January this year as an alternative investment fund (AIF), with a corpus of ₹750 crore, for investments in early stage technology companies in India.

Under the Securities and Exchange Board of India’s regulations, a category-II AIF can raise money from high net-worth individuals and foreign investors to invest in unlisted companies. Usually, venture capital funds are registered as category-I AIFs which can invest in startups or early stage ventures. A category-II registration, allows the Info Edge Venture Fund to operate as a private equity or debt financier.

The fund raise by Info Edge Venture Fund follows recent criticism by Sanjeev Bikhchandani, the company’s founder and vice chairman, on the Indian startup environment. According to Bikhchandani, the Indian economy loses out on tax revenues, market value and intellectual property of startups, when they ‘flip’ abroad or create a foreign holding company. “Basically institutionalised transfer of wealth away from India while living off the Indian market and Indian labour somewhat like the days of the Company rule,” he said, likening the environment to the days of the East India Company.

However, Pallav Narang, partner at CNK RK & Co Chartered Accountants in an interview with MediaNama said that the decision to flip abroad is driven less by tax considerations but more by access to an ecosystem of institutions that exist abroad, particularly in the United States. “The benefits of flipping are not driven by a decision to arbitrate between different tax jurisdictions but rather, there are other benefits such as of access to incubators, advisors, financiers, investors and the wider-ecosystem,” Narang said.

**Updated (December 11, 2020 at 5:00pm). An earlier version of this article stated that Info Edge had set up the venture fund on Friday, when the company had set it up earlier. The error is regretted. Originally published on December 11, 2020 at 4:18 pm.

Advertisement. Scroll to continue reading.

Written By

Reports on banking, payments, fintech and crypto-curencies. Additional reporting on media regulations, data protection and other areas.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.


Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.


Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.


The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.


For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ