M&A
Info Edge acquires majority stake in Rahul Yadav's startup 4B Networks for Rs.137-Cr
Info Edge, through its subsidiary Allcheckdeals India, has acquired a 57.16% stake in 4B Networks, a Mumbai-based proptech startup led by Housing.com's founder Rahul Yadav. for INR 137 crore. Info Edge is likely to invest more capital in 4B Networks and may acquire 100% stake. The 1.5 year old 4B Networks enables real estate developers and brokers to communicate with each other and conduct their business via the Broker Network Platform. The company claims to have more than 50,000 brokers on the platform and has seen disbursal of home loans of over INR 1,000 crore.
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