Info Edge to exit health-tech co. MedCords, employment platform Unnati Online

Jobs portal Naukri’s parent Info Edge is to divest its entire stake in two companies - Kota, Rajasthan-based health-tech firm MedCords (14.18%) and Gurugram-based employment platform Unnati Online (31.64%), for about INR 5,000 each. The stakes are held through its wholly owned subsidiary, Startup Investments (Holding). Both transactions would conclude by January 27, 2027.Founded in 2017 by Shreyans Mehta and others, MedCords is a healthcare platform connecting patients, doctors and pharmacies.Founded by Shantanu Singh, Eral Ravi and Aashutosh Chaudhary, Unnati Online operates a platform connecting informal sector workers with potential employers.Following the completion of these deals, MedCords will no longer be a joint venture of Info Edge, and Unnati Online will cease to be an associate company. The MedCords stake will be acquired by its promoter and director, Shreyans Mehta, while the Unnati Online stake will be purchased by its promoters and directors, Eral Ravi and Aashutosh Chaudhary.