Info Edge acquires 76% of a dating platform

Info Edge has invested Rs 91 crore into Aisle Network Private Limited.

Key points to note –

  • Aisle, founded in January 2014 is engaged in the business of running multiple dating platforms – Aisle, Anbe, Arike and HeyDil.
  • Info Edge is investing the said amount into Equity shares (primary and secondary) and Compulsorily Convertible Preference Shares (CCPS).
  • Info Edge will get about 76% stake into Aisle on a fully converted and diluted basis.
  • Aisle reported revenues of Rs 7.56 crore in FY 21.

The subject investment is too small to draw any meaningful inference for Info edge for now.

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