Analysts Upgrade InfoEdge India due to Dot com Valuation Craze,
The recent deal in housing.com values the portal at about US$250 mn. 99acres has 3X the traffic share of housing.com, which would imply a valuation closer to US$700 mn. Given the dearth of details of the valuation of housing.com, we have been cautious in assigning a 30% discount to this value. We therefore value 99acres.com at about US$550 mn or `250 per share for Info Edge
Unconfirmed media reports say that Zomato raised US$ 60 mn, implying a value US$600-US650 mn. Info Edge has invested US$30 mn in this round, maintaining its 50% shareholding. Assuming a 20% discount to the cited transaction value, Zomato would contribute `130 per share to Info Edge
