Info Edge Ventures

Early stage venture capital fund backing Indian entrepreneurs building technology companies

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[Matiks @matiks_play]

we raised $10M to take Matiks from India to the world 🧠🌍

not long ago, it was just a few of us who believed mind sports could go mainstream. most people called it niche.

last month, 2.2M people played 48M brain games on Matiks. they could’ve kept scrolling, and they didn’t.

our longest streak has crossed 689 days. players run google meets to coach each other. one called us “the cure to my doomscrolling” and we still aren’t over it.

huge welcome to General Catalyst and Unilazer Ventures, and thank you Info Edge Ventures, Tanglin Venture Partners and Untitled Ventures for backing us again.

what’s next:
→ taking Matiks to the US
→ more games across math, memory, logic and puzzles
→ an AI engine so anyone can build a brain game millions can play

to Sudhanshu, Sushant, Mohan and the whole Matiks team: you took a simple idea and made millions fall in love with using their brains.

to our players: none of this exists without you. this one’s for you ❤️

[Info Edge Ventures @InfoEdgeVC]

Insights into the investment philosophy of Info Edge and Kitty’s journey through the years

https://t.co/OKfvPKpgcO

[Salone Sehgal @SaloneSehgal]

Kitty Agarwal is one of those people you meet and immediately know is real. Warm, funny, super direct and completely candid. She calls a spade a spade.

She tells her story with so much optimism and wit. But underneath it is a fiercely ambitious woman with the self-belief to be her own person, even when the people closest to her pushed back. She grew up in a traditional Marwari business family and was the first woman in it to step out and work. Those circumstances could have pulled anyone down, but not her.

She has spent more than a decade pioneering corporate venture capital in India alongside ace investor @sbikh. She talks about the @InfoEdgeVC journey behind Zomato, how she championed Policybazaar to re-enter their half-exited position to the $500M+ platform she manages today.

Watch Kitty as she gets real - she talks about motherhood and compromise. High stakes careers and the absence of balance. Most importantly, she was candid that she didn’t come into venture with the “right” background. She learned it, and she earned it.

New episode Out now on #AlphaWomen.
In partnership with Spotify and Outlook Business.
https://t.co/a2qBYkyeks

[Salone Sehgal @SaloneSehgal]

Somewhere alongside building @Lumikai I decided to launch Alpha Women. Most days, I manage to balance both. This quarter, I didn't.

Four deals, three portfolio follow-ons, an LP trip, swine flu and a hospital stay later, I was wrung out. For the first time in two decades, the number of working weekends finally caught up.

So I found myself thinking about all the #AlphaWomen I spent the last few months interviewing.
All of them spoke about difficult decisions, things going wrong, starting again and somehow continuing to build through crisis, chaos and extreme stress.
Infact, all the women reminded me that resilience isn't about having it all figured out. It's about pushing through the odds, making difficult choices and finding the grit to keep going. And that, to me, is truly #Alpha.
@VaniKola @karunanundy @pragyamisra @UpasanaTaku #jyotideshpande

5 episodes down. 5 more to go. A little BTS from our mid-season. #AlphaWomen @Spotify @outlookbusiness @Kalaari @jiostudios @OpenAI @MobiKwik

[Info Edge Ventures @InfoEdgeVC]

It is great to see that inspite of various distractions the focus of the govt continues to be technology, innovation, manufacturing and AI. These are key drivers of economic development which is the real deal. We should stay focused on that. Independence day greetings to all!

[Sanjeev Bikhchandani @sbikh]

Shiprocket IPO subscribed 102x. Congratulations @_saah1l @ShiprocketIndia this is so so well deserved. It is the consequence of more than a decade of effort. Of building a great business brick by brick. Of pricing the IPO right and leaving value on the table. Thank you for allowing us to invest. Ever onwards. To paraphrase what Winston Churchill said in another context. This is not the end. This is not even the beginning of the end. This is perhaps the end of the beginning. @InfoEdgeVC @kitty_agar

[Info Edge Ventures @InfoEdgeVC]

Info Edge’s letter to shareholders capturing our investment strategy and an update on our investments in startups in AI, Deeptech and Consumer Tech got published today. Link attached. Feedback is welcome.

https://t.co/6YHS09yPxH

[Info Edge Ventures @InfoEdgeVC]

Introducing Trackk, the app to start your investing journey!

[Trackk.in @Trackkofficial]

Investing was getting a little TOO SERIOUS. So we fixed it.

Welcome to Trackk. 🚀

#InvestmentDaddy

[Info Edge Ventures @InfoEdgeVC]

Hyped to back @VedantGupte @iaryan_jain @SiddharthT61847 and @Trackkofficial building the investing app Gen Zs actually deserve.. in their seed round alongside @LightspeedIndia

we’re just getting started fr

[Sanjeev Bikhchandani @sbikh]

I put a prompt into ChatGPT

“Can you write an ode to the bootstrapping Indian Startup Founder”

Here is the response

👇

Not for him the glittering cheque
Signed in haste in Sand Hill rooms,
Nor armies fed on venture dreams
And loss-making perfumed blooms.

He builds where ceiling fans complain,
Where diesel fumes and summer press
Their thumb upon the fragile will
Of every would-be business messiah.

His office first: a borrowed desk,
A cousin’s flat in Patel Nagar,
Three plastic chairs, one second-hand Dell,
A modem blinking like a distant star.

His mother asks when he’ll “settle down.”
His father coughs behind The Hindu.
The neighbours say with pitying smiles,
“Beta, MBA nahin kiya tu?”

Yet every dawn he rises still,
Ironing hope into a shirt,
Riding autos through traffic jams
Like some small soldier into hurt.

He learns the tyranny of cash:
That revenue is oxygen.
That profit is not bourgeois vice
But freedom’s oldest discipline.

He courts no headlines breathlessly,
No jargon forged on Twitter Space;
He knows that Bharat does not care
For valuation without grace.

His users call him late at night.
His vendors ask for dues delayed.
His coders leave for funded firms.
Still payroll somehow must be made.

He worships not disruption’s cult
But quieter gods: retention, trust,
The miracle that customers
Return because they feel they must.

He knows the taste of postponed wants:
The cancelled trip, the ageing car,
The wedding gold not yet redeemed,
The dream deferred but not too far.

And when at last success arrives —
Not trumpets, merely steadier breath —
He wears it like the Indian sun:
Without announcement, without myth.

For he has built the hardest thing
In this loud age of borrowed flame:
A company that earns its keep,
A livelihood, a trusted name.

O bootstrap founder, lean and bruised,
Historically underpraised,
The nation’s commerce rests far more
On hands like yours than PowerPoints glazed.

For every unicorn that flies
On capital’s abundant breeze,
A thousand stubborn enterprises
Are built on grit, receivables, and pleas.

And India, ancient, hungry, vast,
Will not be shaped by hype alone,
But by the ones who quietly build
With customer cash and backbone.

[Sanjeev Bikhchandani @sbikh]

An investor risks money. An entrepreneur risks his or her life. An investor has a portfolio of investments. If a few succeed the investor succeeds. An entrepreneur has only one life. If the company goes down the entrepreneur goes down with it.
The risk that an entrepreneur takes and the risk that an investor takes are asymmetric.
Which is why we as investors have huge respect for founders

https://t.co/4uN0mZM7O1

[Sudhanshu | Matiks @cortisoul_]

2025 - It’s all there. You just got to notice.

We had started out building a Chesscom, but for math. But the more we spoke to our community, the more we realised… math is just an anchor.

What people really wanted was to spend time doing something that wasn’t just scrolling reels, but something that felt worthwhile. Something productive, something that didn’t make them feel dumb.

This is why they stuck.

Keeping this in mind, we launched Cross-Math in January, our first puzzle format. Same playbook but around a puzzle, and the response was amazing.

This continued over months, from bringing in puzzles to even bringing in a memory format…all at the request of our community.

We may not be the best product people in the ecosystem, but we always ensured that we spoke to our community, and they guided how we build the platform.

By March, Matiks wasn’t just a game, it was a platform where like-minded people connected, competed, and spent their time productively.

Until then, LinkedIn was our only source of getting new users apart from PLG, and that’s when I started putting in some effort on Twt.

While most companies lean on Perf Marketing to get their initial bunch of users, it was very clear to us that we had to crack PLG to build a billion-dollar, blitz scalable platform.

Thanks to @katrishabh & @saver3011 , we were never pushed out of that mindset. They were okay with us staying at 500 users and experimenting more instead of chasing volume.

April is when people truly started noticing me & Matiks on Twt. The more people tried it, the more people liked it. And they even started sharing their experiences with Matiks on their tl and our metrics started getting better.

I also started doing a bunch of challenges like 1 day intern for 1 lakh rupees (which @keylimepie2000 won), running 1 Km for every 10 downloads (that couldn’t last very long :D).

Shamelessly tagged Matiks anywhere and everywhere. Talked to people who tried Matiks. Put in 20 hrs workdays…not sustainable, but we couldn’t let the opportunity go.

Increase your surface area of luck and something will hit you.

I also did the follower count challenge, posted videos of me doing fast math. Many Twt folks engaged…many helped. It’s a long list and if you are reading this…you have to know I can’t thank you enough! And if I can ever help you back…I’d be real lucky to do so.

May is when I thought, let’s get a few big names to try the platform and see if they would give us a shoutout.

Day 1 - I asked @nikhilkamathcio to try Matiks…many people tagged him as well…but nothing happened.

Day 2 - I asked @thetanmay to try Matiks…nothing happened for 12 hrs. I went to @kamath_sutra ’s place that night to have a beer and told him what’s been happening. We were at our 2nd beer when Tanmay replied! He tried it, he loved it, and he wanted to talk. The very next day, he gave us a shoutout and things changed. More people started noticing Matiks.

Day 3 - I did nothing. I was overwhelmed with the response Tanmay’s story was giving us. Many people ask what’s the increase in DAU his mention got us, but it added value that was much more than just a spike in users.

Day 4 - I asked @waitin4agi_ to try Matiks and he did! He replied as well and suddenly, I was talking to the man himself at 4 am, telling him about our plans.

Sometimes things don’t happen for months, and suddenly, they happen in days.

It may have looked like we were chasing clout and distribution, but we had spent 7 months trying to build the best product. The love and the response we received was a result of the same.

May was when for the first time in 25 years, I spent my birthday away from my parents...this time with another family, built in Bangalore, Matiks.

June and July were a haze. It was a shift from working like a bunch of hacker house kids to operating like a real company.

July, we threw the Matiks party along with the @OfflynLife boys. August-September-October, we sat back and worked on making the product more appealing.

We also started seeing traction from outside India, more people giving us shoutouts and this time not just on Twt, but on Instagram and Linkedin as well. People also started forming their own communities around Matiks.

And not to forget, we raised a round with Tanglin Venture Partners & @InfoEdgeVC with some stellar angels.

By November we had grown 50x from where we were at the start of the year, all organically, but we had one question - is this thing fun to watch as well?

That is when @SushantTimmapur came up with the idea of Brumble and man, was that a success!!!

Looking back at the year, I did gain more than 15kgs…but that’s not the focus rn.

The thing is, we didn’t plan for any of this. A bunch of kids trying to have some fun is all we are. But things started falling in line…as soon as we noticed.

Currently, we are at 100x of where we were at the beginning of January 2025 and we just got to ensure we repeat the same in 2026 :)

And it can surely be done…if we just don’t stop…noticing.

[Deepinder Goyal @deepigoyal]

One more thing. Our 10 minute delivery promise is enabled by the density of stores around your homes. It’s not enabled by asking delivery partners to drive fast. Delivery partners don’t even have a timer on their app to indicate what was the original time promised to the customer.

After you place your order on Blinkit, it is picked and packed within 2.5 minutes. And then the rider drives an average of under 2kms in about 8 minutes. That's an average of 15kmph.

I understand why everybody thinks why 10 minutes must be risking lives, because it is indeed hard to imagine the sheer complexity of the system design which enables quick deliveries.

Also, if you've ever wanted to know why millions of Indians voluntarily take up platform work and sometimes even prefer it to regular jobs, JUST ASK any rider partner when you get your next food or grocery order.

You will be humbled by how rational and honest they will be with you.

Having said that, no system is perfect, and we are all for making it better than today. However, it is far from what it is being portrayed on social media by people who don't understand how our system works and why.

If I were outside the system, I would also believe that gig workers are being exploited, but that's not true.

[Deepinder Goyal @deepigoyal]

Facts below (1/5):

In 2025, average earnings per hour (EPH), excluding tips, for a delivery partner on Zomato were ₹102.
In 2024, this number was ₹92. That’s a ~10.9% year-on-year increase. Over a longer horizon also, EPH has shown steady growth.

Most delivery partners work for a few hours and only a few days in a month. But if someone were to work for 10 hours/day, 26 days/month, this translates to ~₹26,500/month in gross earnings. After accounting for fuel and maintenance (~20%), the net earnings for the partner are ~₹21,000/month.

Note: Earnings per hour are calculated on total hours logged in, including the time when the partner might be waiting to receive an order. Earnings per “busy hour” will be higher but that’s not the right metric to look at.

On top of this - delivery partners earn 100% of tips given by customers. The average tip per hour in 2025 on Zomato was INR 2.6 and in 2024 was INR 2.4 per hour. Tips are transferred instantly, with zero deductions. We absorb the payment gateway processing cost ourselves. About 5% of the orders get tipped on Zomato; 2.5% on Blinkit.

[Sanjeev Bikhchandani @sbikh]

Very well written @deepigoyal Every word is true. It beggars belief that a Champagne Socialist who married a film star and had a designer wedding in Udaipur and a first wedding anniversary in Maldives has the audacity to then shed crocodile tears around alleged exploitation of gig workers. Aam Aadmi my foot

[Sanjeev Bikhchandani @sbikh]

Thanks for putting out these details in Public @deepigoyal I can testify to the fact that discussions on delivery partner welfare and fair compensation occupy a significant percentage of the time in Board meetings. The management and the board are bothered about these.
Now the people who ran this campaign and unsuccessfully tried to organise a strike could have written or come over and asked for this information and got it and had a discussion. However they preferred to instead launch a campaign on social media - it suited them and their political agenda better

[Deepinder Goyal @deepigoyal]

Last one on this topic, and I have been holding this in myself for a while.

For centuries, class divides kept the labor of the poor invisible to the rich. Factory workers toiled behind walls, farmers in distant fields, domestic help in backrooms. The wealthy consumed the fruits of that labor without ever seeing the faces or the fatigue behind it. No direct encounter, no personal guilt.

The gig economy shattered that invisibility, at unprecedented scale.

Suddenly, the poor aren't hidden away. They're at your doorstep: the delivery partner handing over your ₹1000+ biryani, late-night groceries, or quick-commerce essentials. You see them in the rain, heat, traffic, often on borrowed bikes, working 8–10 hours for earnings that give them sustenance. You see their exhaustion, their polite smile masking frustration with life in general.

This is the first time in history at this scale that the working class and consuming class interact face-to-face, transaction after transaction. And that discomfort with our own selves is why we are uncomfortable about the gig economy. We want these people to look our part, so that the guilt we feel while taking orders from them feels less.

We aren't just debating economics. We are confronting guilt. That ₹800 order might equal their entire day's earnings after fuel, bike rent, and app cuts. We tip awkwardly, or avoid eye contact, because the inequality is no longer abstract. It's personal.

Pre-gig era, the rich could enjoy luxury without moral discomfort. Labor was out of sight. Now, every doorbell ring is a reminder of systemic inequality. That's why debates explode. It's not just policy. It's emotional reckoning. Some defend the system (“they choose it”), others demand change (“this isn't progress, its exploitation”).

And here’s the uncomfortable twist: the unsaid ask of clumsy ‘solutions’ isn’t dignity. It is about returning to invisibility.

Ban gig work and you don’t solve inequality. You remove livelihoods. These jobs don’t magically reappear as formal, protected employment the next day. They disappear, or they get pushed back into the informal economy where there are even fewer protections and even less accountability. Over-regulate it until the model breaks, and you achieve the same outcome through paperwork instead of slogans: the work evaporates, prices rise, demand collapses, and the people we claim to protect are the first to lose income.

And then what happens?

The rich get their old comfort back. Convenience returns without faces. Guilt dissolves. We go back to clean abstractions and moral posturing from a distance. The poor don’t become safer, they become invisible again: back in cash economies, back in backrooms, back in shadows where regulation rarely reaches and dignity isn’t even debated.

The gig economy just exposed the reality of inequality to the people who previously had the luxury of not seeing it. The doorbell is not the problem. The question is what we do after opening the door.

Visibility is the price of progress. We can either use this discomfort to build something better (which we keep doing continuously as delivery partners are our backbone), or we can ban and over-regulate our way back into ignorance. One of those choices improves lives. The other simply helps the consuming class feel virtuous in the dark.

[Sanjeev Bikhchandani @sbikh]

At Info Edge we bid farewell to Chintan today. A super person, a great friend, advisor, supporter, problem solver and well wisher. Very often my go to person for all things finance, accounts, legal, tax, deal structuring, governance and business in general. A great CFO and Board member, he served Info Edge with great distinction for twelve years, keeping us out of trouble and helping us avoid potholes. Wise people have said that the CFOs main job is to save the founders from themselves. Chintan certainly did that very well. This of course is over and above the hygiene job of ensuring true and fair accounting, the right controls and providing support where needed and being the brake where needed.
It is said that a great leader is someone who makes themselves dispensable by growing other leaders. That Chintan did this very well was driven home to me the other day when our interim CFO Ambarish Raghuvanshi, who has been shadowing Chintan for the last three months came to me and said that he is very happy and confident about the people, processes, systems and controls Chintan has put in place and things will run smoothly without Ambarish breaking a sweat.
Thanks most of all Chintan for upholding and defending the corporate governance standards at Info Edge from the day you joined right until today.
We are all rooting for you in your next assignment at IAN.
Ever onward and upwards. May the force be with you
@InfoEdgeVC

[Matiks @matiks_play]

We just raised $3.14M🥧

From solving brain teasers in classrooms to solving for scale, this one’s a big step towards making mind sports the coolest out there.

Huge thanks to our investors for believing in the equation we’re building @InfoEdgeVC @UntitledVC @gauravmunjal @RomanSaini @anilgoteti @Tanuj_kh @AmanHasNoName_2 @yash_dandavate @Abhishek Patil(Growthx)

Now let’s multiply the madness 🚀

[Sanjeev Bikhchandani @sbikh]

Congratulations Bluestone for the listing today. And thank you for allowing ⁦@InfoEdgeVC⁩ to invest