Info Edge writes off entire investment in Sequoia-backed Bijnis
Shortpedia
Content Team
Image Credit: info edge
Info Edge has written off its entire investment worth INR 76.6 Cr in New Delhi-based B2B marketplace Bijnis, as per the online classifieds major’s earnings statement for the quarter and year ended March 2023. Citing factors such as continuing cash burn, limited availability of cash in proportion, and uncertainty of future capital raise, Info Edge said the investment has lost its entire value.
