Tech giant Info edge invested 135.4 crores in Ed-tech startup Coding Ninjas. Info Edge has now a total of 51 per cent share of the company, previously it had 26 per cent according to the media reports. Coding Ninja is a Delhi-based startup and Info edge is Noida-Based. This investment makes Coding Ninjas' approximate valuation at Rs 541 crore.
Coding Ninjas is an ed-tech platform that focuses on teaching coding and other programming courses to beginners. It was founded in 2016 by Ankush Singla, Kannu Mittal, and Dhawal Parate. The media reports mentioned that it will help Info Edge explore and maximise business collaboration between the two platforms, Naukri and Coding Ninjas.
“The shareholding of the Company in Coding Ninjas is currently about 26% and the aggregate shareholding of the Company, post this investment, in Coding Ninjas would be 51% on a fully converted and diluted basis. Accordingly, Coding Ninjas would become a subsidiary of the Company,” Info Edge said in its regulatory filings.