Info Edge pegs Zomato, PB Fintech holdings at $3.7 billion

Info Edge has marked up the valuation of its holdings in Zomato and PB Fintech (Policybazaar) to $3.7 billion, reflecting the recent recovery in new-age tech stocks. The upward revision comes after strong quarterly performances by both portfolio companies. Info Edge holds 15% in PB Fintech and 13% in Zomato, making these among its most valuable investments. The mark-up signals renewed investor confidence in Indian tech startups after the 2022-23 valuation correction. Info Edge's internal valuation methodology considers listed peer multiples and discounted cash flows. This revaluation could positively impact its own financials and share price. The disclosure highlights how anchor investors are reassessing new-age companies as paths to profitability become clearer.