M&A
Info Edge to acquire assessment services provider Axilly Labs for Rs.21-Cr
New Delhi-based, publicly listed Info Edge (India) Ltd is to acquire 100% of Bengaluru-based Axilly Labs for INR 21 crore. Axilly Labs offers technical assessment services to clients for recruitment and learning purposes, via its technical assessment platform ' doselect.com'. It was incorporated in November 2015 and logged a turnover of INR 4.23 crore in 2020-21. The acquisition is expected to help Info Edge offer a new variety of services under its flagship brand Naukri.com.
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