Info Edge's early investment in Zomato set to deliver sweet returns

Info Edge, the Delhi-based internet services firm that put a mere Rs 60 lakh as its first investment in Zomato in 2010, is sitting on 77x returns from its total equity investment of Rs 144.31 crore.   According to the draft red herring prospectus (DRHP) filed by food-delivery firm Zomato as part of its initial public offering (IPO) plan, Info Edge currently owns 1.244 billion shares at an average cost of Rs 1.16 each.   These investments were done between August 2010 and February 2015. The holding includes shares allotted as bonus and on conversion of preference shares since then.....

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