Info Edge (India) Ltd will invest about Rs 100 crore each in its wholly-owned subsidiaries Startup Internet Services Ltd and Startup Investments (Holding) Ltd, with initial tranches of about Rs 20 crore and Rs 25 crore respectively and the balance within a year to fund investment opportunities including alternative investment funds.

Info Edge (India) Limited reported 12.8% year-on-year standalone billings growth in Q2FY27, with underlying growth estimated at 14-15% after renewal timing adjustments, while H1FY27 billings grew 14.9% driven by premiumisation and B2B AI products such as AI-Rex and Talent Pulse.

Info Edge (India) Limited gained 2.65% to Rs 1,214.20 after Kotak Institutional Equities upgraded the stock to Buy with a target price of Rs 1,400, maintaining 14-15% recruitment billings growth expectation for FY2027 despite 12.6% growth in Q2 FY2027 hit by one-off renewal deferrals, while noting 99acres billings growth accelerated to 21.2% with steadily improving profitability.

Info Edge (India) Ltd reported standalone Q2 billings of Rs 822.3 crore, up 12.8% from Rs 729 crore a year ago, with recruitment billings up 12.6% to Rs 613.8 crore, 99acres up 21.2% to Rs 148.3 crore and combined matchmaking billings up 23.1%, partly offset by a 27.2% decline in Shiksha billings to Rs 20.5 crore.