Info Edge Makes Further Investment in Canvera, Stake Upped to 32%

Info Edge has announced a further increase in its stake in Canvera Technologies – an online photography platform, taking its total stake to 32%.
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Info Edge has announced a further increase in its stake in Canvera Technologies – an online photography platform.

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In a BSE filing, the company has announced an investment of Rs 13.5 crores in Canvera via optionally convertible cumulative redeemable preference shares.

The company had bought shares worth Rs 1.5 crores in February 2014 off of angel investors. It had initially invested Rs 35 crore in the company in 2012, and Rs 4.5 crore in 2013.

The total investment in the company now stands at Rs 57 crores. Canvera is an e-commerce and social platform for professional photographers.

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