Info Edge (India) announces investment of USD 20 mn in 4B Networks

BDO.LiveSite.Deals.DealTypeTransaction Services
BDO.LiveSite.Deals.IndustryReal Estate
BDO.LiveSite.Deals.ClientNameInfo Edge (India) Ltd

The BDO Transaction Services team in India provided financial and tax due diligence to Info Edge (India) Ltd in connection with the acquisition of 4B Networks Pvt Ltd.

4B is engaged in the business of enabling real estate developers and brokers to communicate with each other and conduct their business via the Broker Network Platform. It helps Brokers conduct site visits and provide home loan related services to their clients.

The investment would help ACD to strengthen its offering in the real estate segment by providing a new platform to real estate industry professionals to conduct their business efficiently through the majority held in 4B post this investment.