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Infinity, Chrysalis pump Rs 22cr in 2 portals

09-November-2000
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Infinity, Chrysalis pump Rs 22cr in 2 portals

Infinity Technology Investments and Chrysalis Capital venture funds have together decided to invest Rs 7 crore each in Puneet Dalmia-promoted Jobsahead.com for an unspecified stake, Infinity will invest Rs 8 crore in IndiaBulls.com for an 8 per cent stake. In addition to Rs 8 crore from Infinity, IndiaBulls has also raised an additional Rs 2 crore from first-round investors Following the present round of funding, the promoters will still be left with a significant chunk of 54 per cent stake in the holding company Orbis Infotech. While Infinity will hold 8 per cent, the share of LNM and Atlantic will remain static at 23.5 per cent. The remaining 14.5 per cent has been reserved for employee stock options.

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