Private Equity

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Info Edge writes down Rs.276-Cr investment in Rahul Yadav's proptech co 4B Networks

MoneyControl  

Info Edge has written down its entire investment in Mumbai-headquartered proptech startup 4B Networks, which is led by Housing.com's founder Rahul Yadav. The company had invested INR 276 crore in 4B Networks as of September 2022 and attributed the write-down due to concerns around the uncertainty of the funding environment. Info Edge believes that the proptech startup might find it difficult to weather the ongoing funding winter due to its cash burn. 4B Networks, through its platform Broker Network, enables developers and brokers to connect with buyers.