INC42 - Info Edge will be acquiring Aisle in two tranches with capital infusion of INR 75 Cr each ($10M). This will be Info Edge's first acquisition in 2022 after acquiring two HR tech startups DoSelect and Zwayam Digital in 2021. With Aisle's acquisition and already profitable Jeevansathi, Info Edge wants to double down on its matchmaking business. Founded in 2014 by Able Joseph, Aisle is an Indian dating app for people looking for a serious relationship. Aisle has acquired ~6.5M users. Aisle's total earning in FY19 was $466K, up 161% from FY18. Founded by Sanjeev Bikhchandani in 1995, Info Edge is the parent company of popular job classifieds platform - Naukri.com. The internet company also owns a matrimonial service - Jeevansathi, which was the only profitable business of Info Edge in the pandemic devastated Q1 of FY21 (April - June of 2020).
by Debarghya Sil
See full article at Inc42
This post also appears on OnlinePersonalsWatch
You can follow this conversation by subscribing to the comment feed for this post.