Zomato parent company, Eternal’s rally to its record high has reaped benefits for Info Edge, lifting the value of its 12.38% holding in the food aggregator. Eternal shares surged close to 15% and hit a record high of ₹311.25 on July 22 in earnings driven rally.
This rally in Eternal’s shares took the value of Info Edge’s stake in the company to around ₹37,226 crore, making up a third of the latter’s own market capitalisation. For context, Info Edge’s total market capitalisation stood at ₹94,184 crore as of today.
Rejoicing the increased value of its investment in Eternal, shares of Info Edge also tipped over 4% higher in trade today. The surge in Info Edge’s shares also underscored the impact of its investment in Eternal on its own valuation and market capitalisation.
1 December 2025
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Info Edge’s journey with Zomato (now housed under its parent company Eternal) began in August of 2010, when it made a seed investment of ₹4.7 crore for around an 18.5% stake. Over the next few years, the company doubled down, participating in multiple funding rounds and boosting its holding to nearly 58% at one point.
By the time Zomato went public in July 2021, Info Edge still held an 18.5% stake and participated in the offer-for-sale. It offloaded about 2.3% stake, roughly 4.93 crore shares in the offer-for-sale portion of the IPO, pocketing ₹357 crore, while retaining a sizeable 15.2% post-IPO holding valued at over ₹9,000 crore.
Over time, as Eternal issued more shares and its ownership structure evolved, Info Edge’s stake was gradually diluted to around 12.38%, translating to about 119.5 crore shares as of June 2025. With Eternal’s share price recently hovering above ₹300, that investment is now growing in size. This makes Eternal Info Edge’s single most valuable listed investment, contributing to more than a third of its total market capitalisation.
Aside from Eternal, Info Edge had also invested in another new-age company, Policybazaar parent, PB Fintech. Its combined equity in Eternal and PB Fintech, built on a total investment of just over ₹1,000 crore, is now valued well above ₹30,000 crore.
