India, May 26 -- Consumer internet company Info Edge has received the nod of its shareholders to invest up to INR 1,000 Cr (about $118 Mn) in its latest startup-focussed fund, Info Edge Venture Investment Fund III.

The development comes just days after the Sanjeev Bikhchandani-led internet major said its cumulative holding in foodtech startup Zomato and insurtech startup PB Fintech stood at INR 31,500 Cr (around $3.7 Bn) as of March 31, 2025.

Smartweb Internet Services, a subsidiary of Info Edge, will serve as the investment manager and sponsor of the fund.

". the members of the company have approved the resolution with requisite majority through remote e-voting/postal ballot.," Info Edge said in an exchange filing on May 24.

Of the t...