IPO · Professional & Local Services
Info Edge portfolio firms RentoMojo and Uncia file IPO, raise funds
By Startup Enthusiast ·
- Date
- Company
- Info Edge
- What it does
- Internet company with multiple businesses
- Kind
- IPO
What they do
Info Edge is an investment firm with stakes in startups like Zomato, but not Shopkirana; it has divested its stake in Shopkirana
What happened
Its portfolio firm RentoMojo filed for a ₹150 crore IPO, and another firm Uncia raised $3 million from Pavestone
Why it matters
RentoMojo turned profitable with ₹43.1 crore net profit in FY25, while Uncia builds lending software for banks; the developments show Info Edge's investee…
The details
- Info Edge is an internet company that runs recruitment, real estate, matrimony, and education platforms, and holds stakes in other startups.
- One of its portfolio companies, RentoMojo, filed a draft red herring prospectus (DRHP) with SEBI for an initial public offering (IPO).
- The IPO includes a fresh issue of shares worth up to ₹150 crore and an offer for sale (OFS) of up to 2.84 crore shares.
- OFS sellers include Accel India (78.47 lakh shares), Chiratae (29.03 lakh shares), Edelweiss MF (32.03 lakh shares), GMO Venture, and others.
- RentoMojo cofounder Geetansh Bamania is selling up to 20.07 lakh shares via the OFS.
- Another portfolio firm, Uncia, raised $3 million (~₹25 crore) in its first institutional funding round led by Pavestone.
- Uncia will use the funds to accelerate growth in India and expand into MENA and North America.
The bigger picture
- RentoMojo's IPO filing comes after it turned profitable, with net profit rising 92% to ₹43.1 crore in FY25.
- Uncia's funding round is its first institutional capital, reflecting growing investor interest in lending technology.
About the business
- Info Edge operates Naukri.com (recruitment), 99acres (real estate), Jeevansathi (matrimony), and Shiksha (education).
- It also has an investment portfolio of startups in various sectors.
- The company's website provides corporate information, investor relations, and details on its businesses and policies.
- Info Edge was founded by Sanjeev Bikhchandani and Hitesh Oberoi.
What happens next
- RentoMojo plans to use IPO proceeds to expand offline presence, set up warehouses, repay debt, and for general corporate purposes.
- Uncia plans to accelerate growth in India and expand into MENA and North America.
The deal
- Type
- other
Founders
- Sanjeev Bikhchandani, founder
- Hitesh Oberoi, founder
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