Info Edge's AI portfolio valued at 2.1x investment, hits Rs 1,268 crore (opens in new tab)

Info Edge's portfolio of artificial intelligence startups has more than doubled in value, according to a shareholder letter filed with the stock exchanges.The Naukri.com parent said its investments in 28 AI startups are currently valued at Rs 1,268 crore, compared with Rs 614 crore invested, implying a 2.1x multiple on invested capital and an estimated gross internal rate of return (IRR) of 31%.Including investments in deeptech startups, the company said that it has invested Rs 1,003 crore ac...