Sanjeev Bikhchandani-led internet giant Info Edge is acquiring the remaining 45.36% stake in upskilling platform Coding Ninjas for ₹39.9 Cr in an all-cash deal.
In a filing with the exchanges, Info Edge said that its board approved a proposal to acquire 74,741 shares in the startup from its founders at ₹5,340.23 apiece. Post the transaction, the Naukri parent will hold 100% stake in Coding Ninjas via its subsidiary Startup Investments (Holding) Ltd.
Coding Ninjas cofounders will continue to be employed by Info Edge and will receive “certain salary and performance incentive” during their tenure.
The deal is still subject to fulfilment of certain customary conditions, and is expected to be completed within 45 days. The upskilling platform will become a wholly-owned subsidiary of info Edge after the completion of the transaction.
Meanwhile, Info Edge said that the transaction will be executed in multiple tranches. While 25% (₹9.98 Cr) of the total amount, will be disbursed on the closing of the share price agreement, the remaining 75% (₹29.9 Cr) will be paid in three equal tranches between 2027 and 2029.
Elaborating on its thesis behind the buyout, Info Edge said that the transaction will leverage business synergies between its classified platform Naukri and the upskilling platform. As part of this, Naukri will tap into the startup to build mini-AI courses for its users.
The Sanjeev Bikhchandani-led company also said that the deal will unlock growth and profitability improvements for Coding Ninjas.
This comes six years after Info Edge first invested $5.2 Mn in the edtech startup during its Series A round in 2020. Two years later in 2022, the Naukri parent infused an additional ₹135.4 Cr in the platform, via a mix of primary and secondary deals, to increase its stake to 51% from 26% earlier. It subsequently again raised its ownership in the startup through follow-on transactions.
Founded in 2016 by Ankur Singla, Kannu Mittal and Dhawal Parate, Coding Ninjas is an edtech platform that offers coding bootcamps and certification courses in subjects like data science, software development, AI and other emerging technologies.
As per Info Edge’s latest filings, Coding Ninjas reported a net loss of ₹13.4 Cr in FY26. The startup’s turnover stood at ₹97.4 Cr in FY26, flat from ₹97.4 Cr in FY25 and up from ₹67.15 Cr in FY24.
Separately, Info Edge’s board also approved an additional commitment of up to ₹180 Cr in B8 Fund I, a Category II AIF managed by its subsidiary Smartweb Internet Services. The fresh proposed infusion is over and above the ₹250 Cr commitment approved earlier this year.
Founded in 1995 by Bikhchandani, Info Edge manages online job portal Naukri.com, matrimony portal Jeevansathi.com, real estate marketplace 99acres.com and edtech platform Shiksha. It also invests in homegrown startups, and counts the likes of names such as Eternal and PB Fintech in its portfolio.
Last month, the company said that it has so far invested ₹4,900 Cr in 135 startups. Its portfolio is valued at ₹41,300 Cr, translating into a 8.4X multiple and gross IRR of around 33%. It has also invested ₹1,003 Cr across 54 AI and deeptech startups between 2020 until March 2026 .
On the financial front, Info Edge’s net profit jumped 35% to ₹1,762.8 Cr in FY26 from ₹1,309.9 Cr in the previous fiscal year. Meanwhile, revenue increased 15% YoY to ₹3,284.7 Cr during the fiscal under review.
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