InfoEdge, a conglomerate of web properties is looking to invest in mobile app startups. iPhone didn’t kick much of an app revolution in India. It’s Android which has started the app revolution in India. Many companies are launching Android apps first. Apps like TazzaGo, ngpay and RTI India have presence on Android market only. Mobile app development – native apps and web apps – is a hot market right now. It becomes even hotter when InfoEdge is looking to enter.
InfoEdge has been on the cutting edge about launching Internet properties and investing in new properties. InfoEdge already has a bouquet of services – Naukri, Naukri Premium, 99Acres and JeevanSaathi.
In addition to its own Internet companies, InfoEdge has also invested in PolicyBazaar, 99Labels and Mydala.com. If that’s not diversified enough, InfoEdge now wants to invest in mobile app space.
InfoEdge is sitting on a huge pile of cash. Expect something in the coming months.