Info Edge (India) Limited has approved the full acquisition of ed-tech platform Coding Ninjas for ₹39.91 crore to build AI course offerings for Naukri users. Concurrently, the company expanded its technology ecosystem investments by committing an additional ₹180 crore to the Category II venture vehicle, B8 Fund I.
NOIDA, India — Internet technology pioneer Info Edge (India) Limited has announced that its Board of Directors approved a definitive agreement to acquire the remaining stake in its subsidiary, Sunrise Mentors Private Limited, popularly known as Coding Ninjas. The regulatory disclosure, filed on July 6, 2026, details that Info Edge will execute a secondary share purchase from the ed-tech startup’s founders to consolidate 100% ownership.
The corporate transaction represents a critical consolidation move within the Indian digital ecosystem. By integrating the developer-focused training platform fully into its flagship recruitment ecosystem, Info Edge aims to strengthen its product offerings at a time when upskilling and artificial intelligence certification are becoming vital for global white-collar tech recruitment.
Terms and Structure of the Coding Ninjas Acquisition
According to the official statutory documentation submitted to national stock exchanges, Info Edge (India) Limited will purchase 74,741 equity shares from the original founders of Coding Ninjas. The transaction price is established at ₹5,340.23 per individual share, bringing the total cash consideration for the secondary block to approximately ₹39.91 crore. This block represents 45.36% of the company's shareholding on a fully converted and diluted basis.
The financial payout will follow a structured timeline split into four separate tranches. The initial 25% of the capital, amounting to approximately ₹9.98 crore, will be disbursed immediately upon the closing of the Share Purchase Agreement. The remaining 75%—aggregating to roughly ₹29.93 crore—is scheduled to be distributed in three equal annual tranches on March 31, 2027, March 31, 2028, and March 31, 2029.
Strategic Rationale and Related Party Insights
Because the sellers are whole-time directors and existing partners within an active corporate subsidiary, the transaction is categorized as a related party transaction under Regulation 2(1)(zc) of the SEBI Listing Regulations.
Addressing the valuation parameters, the Board of Directors noted that while the transaction was concluded via mutual commercial negotiations rather than a standard arms-length valuation model, the finalized pricing represents a highly favorable economic layout for the listed company. The transaction terms were optimized by leveraging Info Edge’s pre-existing controlling block, contractual frameworks, and the prevailing adverse market corrections recorded across the broader global ed-tech industry.
Financially, Coding Ninjas has shown steady top-line expansion, reporting a progressive turnover trajectory over the last three fiscal intervals:
Despite scaling revenues, the e-learning firm has faced near-term bottom-line pressures, posting a net worth of ₹122.81 crore alongside a Profit After Tax (PAT) loss of ₹34.98 crore for the fiscal year ended March 31, 2026. By moving to a 100% holding structure, Info Edge plans to maximize direct business synergies with its primary job portal, Naukri.com. The strategic roadmap includes deploying specialized, mini AI course modules for job seekers and absorbing the startup's founders into full-time employment roles focused on expanding vertical product segments.
Additional ₹180 Crore Commitment to B8 Fund I
In a concurrent financial development approved during the same board session, Info Edge formalized a contribution agreement to commit an additional ₹180 crore in aggregate to B8 Fund I. The fund operates as a distinct scheme managed under the B8 Trust, an alternative investment vehicle registered with SEBI as a Category II Alternative Investment Fund (AIF).
This newly authorized institutional support comes over and above a baseline capital commitment of ₹250 crore previously allocated by the group on February 26, 2026. Smartweb Internet Services Limited—a wholly owned unit of Info Edge—functions as the designated Investment Manager and Sponsor of the B8 Trust.
The primary objective of this fund is to back growth-stage, tech-enabled enterprise ecosystems within India to generate long-term capital appreciation. The asset scheme has an operational lifespan of eight years from its first closing date of March 12, 2026, with capital drawdowns structured to execute over time on an as-needed basis.
Official Sources Section
The financial disclosures and strategic objectives outlined in this report are sourced from the formal investor relations package signed by Jaya Bhatia, Company Secretary & Compliance Officer of Info Edge (India) Limited.
The underlying board meeting commenced at 8:05 PM IST and concluded at 8:52 PM IST on July 6, 2026. The full statutory addendums are hosted within the corporate data feeds of The National Stock Exchange of India Limited (NSE: NAUKRI) and the corporate profile page of BSE Limited (BSE: 532777).
Quote Section
According to the official regulatory filing submitted by corporate executives to the market exchanges:
"The transaction will help the company maximize business synergies between the two platforms Naukri and Coding Ninjas, unlocking growth and profitability improvements for the Coding Ninjas platform, and enable Naukri build mini AI course offerings to add value to its users. The agreed consideration represents a commercially negotiated value, considering the Company's existing controlling stake, contractual obligation framework, prevailing adverse market conditions for ed-tech companies and the overall commercial context of the transaction."
Why It Matters
For online job seekers and working professionals, this acquisition will likely lead to deeper integration between learning tools and job placement features directly on Naukri.com. For equity investors and market analysts, Info Edge's strategy shows a focus on consolidating software training assets at lower valuations during a broader tech sector slowdown, while using its tech-focused AIF investments to secure long-term capital growth in early-stage startups.
Key Facts at a Glance
Consolidation Target: Info Edge is acquiring the remaining 45.36% stake in Sunrise Mentors Private Limited (Coding Ninjas) to take total ownership to 100%.
Financial Value: The secondary share buyout from the founders is valued at approximately ₹39.91 crore.
Tranche Schedule: Payouts are split into a 25% upfront closer and three subsequent equal annual tranches extending to 2029.
Product Synergy: The company plans to introduce mini AI course offerings on Naukri by leveraging Coding Ninjas' platform.
AIF Expansion: Info Edge has committed an additional ₹180 crore to the tech-focused investment vehicle B8 Fund I.
FAQ Section
Is the Coding Ninjas buyout considered an arms-length transaction?
No, the acquisition is a related party transaction since the sellers are whole-time directors of the subsidiary. However, management stated the terms are economically more favorable to Info Edge due to strategic positioning and current ed-tech market conditions.
What is the current revenue scale of Coding Ninjas?
Coding Ninjas has grown its top-line revenue over the last three years, with turnover rising from ₹53.31 crore in FY24 to ₹97.43 crore in the fiscal year ended March 31, 2026.
Source:
Corporate outcomes and board resolution updates published via the investor relations desk of Info Edge (India) Limited.
