Info Edge India Ltd, the parent company of the popular Indian job site Naukri.com, has invested around ₹3 crores ($440,000) in ZippServ, an online platform that provides risk assessment for real estate investments.
The company had also invested ₹2.4 crores in ZippServ earlier in 2016-17, as shown in the annual reports. After the recent investment, it will hold a 45% stake in ZippServ.
ZippServ is an online platform that provides a comprehensive risk assessment for safeguarding real estate investments. It was founded by Sudeep Anandapuram and Debashish Hota in December 2015 with its headquarters in Bengaluru.
It has a small but dedicated team working effortlessly to provide its clients with a seamless experience through its products. Anandapuram founder of Zippserv has vast experience in technology, working with Tellabs, Cisco Systems and Tejas Networks. Hota also has a experience in networking along with engineering fields.
It uses technology to offer various services based on the customer location making it a more personalised experience. The technology-based services offered by ZippServ include Property verification, inspection, registration, valuation, lease agreement, etc. It also provides services like technical, legal and civil engineering consultation for its clients, along with fraud detection and encroachment checks.
The services like encroachment checks are provided for free but the price for other services can range from anywhere between ₹4,000 to ₹20,000.
Info Edge India Ltd was founded by Sanjeev Bikhchandani in May 1995, it started with Naukri.com but has since then ventured into many successful internet ventures. It is a tech investor and has investments in many other successful online platforms like 99acres.com, a property listing website and jeevansaathi.com, a matrimonial website.
It had also recently invested in the $200 million funding round led by Softbank Vision Fund in PolicyBazaar, an online policy comparison platform.
It is yet to be seen how its recent investments turn out but things are looking good for them and they have a vast experience in choosing the right tech companies.