New Delhi, June 24 -- Can Info Edge (India) replicate the success of Eternal (formerly Zomato) and PB Fintech, or were those once-in-a-generation winners? That is the conundrum Info Edge's investors are likely facing.

The company's latest letter to shareholders offers a rare glimpse into its startup portfolio with the earliest investments dating back to 2007.

Info Edge's track record has been notable. Its consumer technology portfolio, which includes investments in Eternal and PB Fintech, has delivered a gross internal rate of return (IRR) of roughly 34%.

An investment of Rs.2,755 crore across 45 consumer-tech and consumer-AI companies is now valued at over Rs.37,000 crore. Overall, it has invested almost Rs.4,900 crore across 135 star...