Naukri parent Info Edge has received a whistle-blower complaint alleging violation of company policies by certain employees of its real estate business vertical 99acres.

In an exchange filing, Info Edge said it has engaged the services of a law firm to probe the allegations. “The audit committee and board of directors have appropriately noted the contents of the allegations and mandated a reputed specialist law firm to independently and comprehensively investigate the matter,” it said.

While Info Edge didn’t give details about the allegations, it said that the law firm’s assessment is ongoing and there is no material impact on the company’s financial statements.

Shares of Info Edge were volatile in the early morning trade today and were down 0.31% at INR 1,355.40 apiece on the BSE at 10:44.

Launched in 2005, 99acres operates a platform where buyers, sellers and brokers or agents can exchange information about real estate properties. It allows customers to advertise a property, search a property, browse through properties, and more.

The vertical’s revenue rose 12% YoY to INR 110.7 Cr in Q1 FY26, while profit increased 26% YoY to INR 93.6 Cr.

Overall, Info Edge reported a 32% increase in its consolidated net profit to INR 342.9 Cr in the June quarter of 2025. Revenue jumped 17% YoY to INR 790.9 Cr during the quarter.

Founded by Sanjeev Bikhchandani in 1995, Info Edge is one of India’s oldest internet-based companies. It operates recruitment (Naukri), matrimony portal (Jeevansathi), education portal (Shiksha), 99acres, dating app Aisle, and more.

The company is also a backer of new-age tech startups, and counts the likes of Eternal and PB Fintech in its portfolio.

In May this year, Info Edge received the approval from its shareholders to invest up to INR 1,000 Cr (about $118 Mn) in Info Edge Venture Investment Fund III, its latest startup-focussed fund.

The company has invested in startups like Anscer Robotics, Bachatt, among others, in 2025 so far.

Earlier this year, the company said that its investment of INR 3,959.16 Cr in startups has grown 9X with an estimated gross internal rate of return (IRR) of 36%.