Naukri.Com (B): Corporate Venture Capital in India

The case Naukri.com (B) examines Naukri.com’s internal investments in other online classifieds – 99Acres, Jeevansaathi, and Shiksha, its attempts at vertical integration – Allcheckdeals and Quadrangle, as well as its corporate venture capital arm that makes financial investments in other start-ups like Zomato and Policy Bazaar. This case touches upon strategic aspects involving venture capital and popular consumer Internet start-ups in India, which are hotly debated topics in business media and various discussion forums. The case examines the strategic background of venture investments in great detail and ends by questioning the parameters of defensibility of venture funds. The case also discusses Info Edge’s investment decision-making framework and valuation framework and examines the differences between financial venture capital and corporate venture capital.