Acquisition · Enterprise Software & IT

Info Edge buys remaining stake in Coding Ninjas for 40 cr

What they do

Info Edge is an online platform offering recruitment, matrimony, real estate, and education services to users across India

The company acquired the final 45.36% stake in Coding Ninjas for ₹39.9 Cr to gain full ownership of the edtech firm

This move allows Info Edge to integrate Coding Ninjas' coding courses with its Naukri.com user base for new AI learning products

Info Edge board approved acquisition of remaining 45.36% stake in Coding Ninjas from founders.
Deal value is ₹39.9 Cr for 74,741 shares at ₹5,340.23 per share.
Payment structure includes all-cash, multiple tranches; 25% paid on closing of share purchase agreement.
Remaining 75% (₹29.9 Cr) paid in three equal tranches between 2027 and 2029.
Post-transaction, Info Edge holds 100% stake via subsidiary Startup Investments (Holding) Ltd.
Expected completion is within 45 days, subject to customary conditions.
Coding Ninjas cofounders continue employment with Info Edge, receiving salary and performance incentives.
Synergy rationale involves leveraging Naukri to build mini-AI courses for its users.

Strategic goal is to unlock growth and profitability improvements for Coding Ninjas.
Info Edge previously increased stake to 51% in 2022 through follow-on transactions.
Initial investment was $5.2 Mn Series A by Info Edge in 2020.

Coding Ninjas is an edtech platform offering coding bootcamps and certification courses.
Course subjects include data science, software development, AI, and emerging technologies.
FY26 net loss was ₹13.4 Cr.
FY26 turnover was ₹97.4 Cr, flat vs FY25, up from ₹67.15 Cr in FY24.
Info Edge businesses include Naukri.com (recruitment), Jeevansathi.com (matrimony), 99acres.com (real estate), Shiksha (edtech).
Info Edge invested ₹4,900 Cr in 135 startups, portfolio valued at ₹41,300 Cr.
Portfolio shows 8.4X multiple and ~33% gross IRR.
Info Edge AI/deeptech investments totaled ₹1,003 Cr across 54 startups between 2020 and March 2026.
Info Edge FY26 net profit was ₹1,762.8 Cr (up 35% YoY); revenue ₹3,284.7 Cr (up 15% YoY).