InfoEdge goes for forensic audit of Rahul Yadav’s startup 4B Networks, read notice to BSE

InfoEdge, the parent company of Naukri.com and other websites, has reportedly initiated a forensic audit of its portfolio company 4B Networks, founded by Housing.com’s Rahul Yadav. According to a report in Economic Times, the reason for the same is not disclosing details of financial transactions and related-party activities when asked for by the investor.

InfoEdge revealed in a stock exchange filing that it has hired Deloitte to conduct a forensic audit of the property-tech startup. Founded in November 2020, 4B helps real estate developers and brokers communicate with each other and conduct business via the Broker Network Platform. It also helps brokers conduct site visits and provide home-loan-related services to clients.