Info Edge Ups Canvera Stake to 27%

Info Edge has upped its stake in Canvera Technology Solutions – an online photography platform to 27%. The company has bought shares worth Rs 1.5 crore off of angel investors said a BSE filing.

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Including its previous investment, the company has now invested Rs 43.5 crores in the website. Canvera is an e-commerce and social platform for professional photographers.

Info Edge had previously invested Rs.4.5 crore in Canvera.

Other companies in which the company had announced investments include Happily Unmarried, Kinobeo Software and Nogle technologies. In FY13, Info Edge had invested about Rs 146.5 crores into external businesses. Info Edge had later written off Rs 2.6 crore of its investment in Nogle Technologies, in July 2013.

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