Info Edge writes off ₹276 cr investment in Rahul Yadav's startup

Info Edge, which operates portals like Naukri.com and Shiksha, has written off its entire ₹276 crore investment in Housing.com Founder Rahul Yadav's 4B Networks. The investment was fully impaired due to factors including "excessive cash burn, prevailing liquidity issues and significant uncertainty towards funding options", it said in a filing. Info Edge posted loss of ₹116 crore in Q3 FY23.