Naukri.com, the Indian job portal is gearing towards having an initial public offering on Monday, October 30.  “Naukri” is the Hindi word for “job.”  Naukri could be seen as the “Monster.com” of India.  Of course, now Naukri is competing against Monster India.

Naukri.com is owned by Info Edge (India) Ltd. and plans on raising $37 million (Rs. 1.7 billion) at a price of $6.40-$7.10 (Rs. 290-320).  This makes the market value of the company at $188 million at the best case scenario of this prediction.  Info Edge Ltd. would be selling 5.32 million shares.  You may think that this may not be a strong IPO based on dollar amounts, but just consider the Rupee-USA Dollar conversion (1 USD = 45.2536 as of right now according to XE.com).  The cost-of-living in India is a fraction of what it is in the U.S.  If you want more information, go to the contact section and drop me an e-mail.  I’m in India as we speak and could discuss with you how far U.S. dollars go here.

Info Edge also owns 99acres.com and Jeevansathi.com.  Kleiner Perkins Caufield & Byers and Sherpalo Ventures own almost 5 percent of Info Edge for $6 million.  In 2000, according to Content Sutra, ICICI Venture “invested 7.29 Crore [72.9 million rupees or roughly around $1.5 million].”  The ContentSutra article also stated that another venture capital firm, Sherpalo invested $6 million into Info Edge.