Tuesday 01 Jul, 2025 01:31 AM
Site map | Locate Us | Login
   ZEN Technologies ends higher after receiving patent for long-pass optical filter    Torrent Pharma gains after inking pact to acquire majority stake in JB Chemicals & Pharma    Suditi Industries jumps 17% in seven days    J B Chemicals & Pharmaceuticals Ltd leads losers in 'A' group    Aimtron Electronics gains on inking Rs 98-crore ODM contract with US Firm    Sigachi Industries Ltd leads losers in 'B' group    Sigachi Industries drops after deadly explosion at Telangana facility    Volumes soar at Alembic Pharmaceuticals Ltd counter    HEC Infra secures Rs 3-cr work order from Ahmedabad Municipal Corporation    Jindal Steel commissions first galvanizing line at Angul Complex    RBL Bank Ltd soars 3%    Union Bank of India gains for third straight session    Lloyds Metals & Energy Ltd up for third straight session    Power Finance Corporation Ltd up for third straight session    Adani Green Energy Ltd spurts 1.24%, up for third straight session 
Saravan Stocks
       
Hot Pursuit
Scrips, which has significant changes during the market hours.
Info Edge (India) venture fund invests in e-sports platform, telehealth firm
22-May-20   13:04 Hrs IST

Fanbuff Esports India operates e-sports community engagement platform Fanclash, and the Intellihealth Solutions operates telehealth platform Truemeds.

The IE Venture Fund will acquire 3,077 series seed compulsorily convertible preference shares at a face value of Rs 10 and a premium of Rs 11,364.70. The aggregate shareholding of IE Venture Fund I, post this investment, in Fanclash would be 20% on a fully converted & diluted basis.

Fanclash is an online e-sports focused engagement and community platform. E-sports fans can watch, play, follow various games like Free Fire, PUBG, Counter Strike and engage with their favorite esports players and streamers on the platform. Fanclash's vision is to become the go-to platform for e-sports fans.

The investment will help support Fanclash to grow its business in India, Info Edge said in a filing.

Meanwhile, IE Venture Fund I will acquire 24,980 series seed compulsorily convertible preference shares having face value of Rs 10 each at a premium of Rs 1,468.79. The aggregate shareholding of IE Venture Fund I, post this investment, in Truemeds would be 17.80% on a fully converted & diluted basis.

Truemeds which was incorporated on 1 February 2019 is a tele-health platform focused on selling top company traded generics/substitute medicines to consumers. Its telemedicine platform of doctors advises consumers about substitute medicines (offered by top pharma companies but at much cheaper costs) which could significantly reduce cost of their medical bills. Truemeds reported an unaudited turnover of Rs 1 crore for the 2019-'20 financial year, per Info Edge's filing.

On a consolidated basis, Info Edge (India) reported net loss of Rs 59.85 crore in Q3 December 2019 compared with net profit of Rs 331.78 crore in Q3 December 2018. Net sales rose 15.5% to Rs 335.06 crore in Q3 December 2019 over Q3 December 2018.

Info Edge (India) runs leading internet businesses like Naukri.com, Jeevansathi.com, 99acres.com and Shiksha.com. The company also owns Quadrangle and Naukri Gulf. Info Edge has made significant strategic investments into emerging internet companies - zomato.com, meritnation.com, policybazaar.com, Canvera.com, happilyunmarried.com.

Shares of Info Edge (India) dropped 3.03% at Rs 2,377.45. The scrip hovered in the range of Rs 2,370 to Rs 2,432.15 so far.

Powered by Capital Market - Live News
   Attention Investors : Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.
   Attention Investors : Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / Depositories on your mobile / email at the end of the day .... Issued in the interest of Investors.
   Attention Investors : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
   Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Email ID: info@ssplwealth.com       Customers grievances : grievances@ssplwealth.com     Compliance officer : Mr.R Udayakumar , compliance@ssplwealth.com,  Mobile No: 7305522205
Investor Charter | Annual Return | Account Closure | RE-KYC | Disclaimer | Feed Back | Privacy Policy | Policies & Procedures | Rights & Obligations-English | (Rights & Obligations, Risk Disclosure Document, Do's & Don't's) in Vernacular Language | Anti Money Laundering Policy | E-Voting | CSR | Voluntary Freezing / Blocking | Policy GTC | Policy On Inactive Trading Accounts | Risk Disclosure Hit Count : 42322291
Useful Links : NSE | BSE | MCX | NSDL | CDSL | SEBI | RBI | ATTENTION INVESTOR| SMART ODR
SEBI Regn.Nos : NSE/BSE-INZ000192638 | CDSL : IN-DP-262-2016
Member IDs : NSE : 11221 | BSE : 6292 | CDSL : 12045000 | MCX : 56990 | AMFI Regn.No : 2662
Designed , Developed & Content provided by CMOTS INFOTECH.(ISO 9001:2015 certified) © Copyright 2011 All Rights Reserved. SSPL Securities Private Limited