Info Edge (India) Ltd, known for its investments in startups like Zomato and Policybazaar, is launching a new alternative investment fund called IE Venture Investment Fund III. The company plans to commit up to Rs 1,000 crore ($114.4 million) to this fund, which will be sponsored by its subsidiary, Smartweb Internet Services Ltd. Led by CEO Hitesh Oberoi, Info Edge aims to create long-term value through this investment strategy, focusing on digital disruption across various sectors. The firm has a history of supporting tech startups, typically investing between $300,000 and $5 million at various stages.