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Doubtful of marketsโ€™ reception of loss-making firms without visibility on profits: Sanjeev Bikhchandani

Economic TimesEconomic Times ยท 1y ago
Doubtful of marketsโ€™ reception of loss-making firms without visibility on profits: Sanjeev Bikhchandani
Medial

Sanjeev Bikhchandani, co-founder of Info Edge, expressed doubt about the public markets' willingness to value loss-making companies unless there is a clear path to profitability in the near future. He noted that companies like Policybazaar and Zomato have seen their share prices rise alongside improvements in their bottom lines. Bikhchandani also mentioned that several startups are breaking even or close to it. He discussed the slower pace of investments by Info Edge Ventures and the preference for Indian listings among startups. Info Edge reported a quarterly profit of Rs 151.1 crore, with growth in its recruitment and real estate businesses.

Related News

Why Zomato backer Sanjeev Bikhchandani is a bottom-up, not top-down, investor

LivemintLivemint ยท 11m ago
Why Zomato backer Sanjeev Bikhchandani is a bottom-up, not top-down, investor
Medial

- Sanjeev Bikhchandani focuses on investing in and mentoring startups, with successful bets such as Policybazaar and Zomato. - Rather than focusing on specific sectors, Bikhchandani looks for category-defining companies and good teams. - He sees AI as an opportunity and has implemented AI projects within Naukri.com to enhance its performance. - Early-stage investing has become more modest in terms of valuations, with smaller rounds and increased discernment by investors. - Corporate governance is crucial, and investors need to ensure constant conversation, checks and balances, and scrutiny. - Bikhchandani believes valuations are determined by the market and can change over time. He expects Zomato's various businesses to grow in the next five years. - Quick commerce has potential for profitable growth if approached sensibly, leveraging expertise and logistics from related industries. - While there may be froth in public markets, private markets are not considered unfairly priced currently. - Bikhchandani looks for customer demand, a strong team, and a commitment to governance in founders before investing. - He aims to create a durable institution at Info Edge that continues to adapt, innovate, and attract bright people. - Bikhchandani is involved with portfolio firms as a board member but not deeply involved in day-to-day operations. - Info Edge focuses on the growth and profitability of its operating businesses rather than obsessing over share price and discounts.

No plans to exit from any portfolio companies: Sanjeev Bikhchandani

Economic TimesEconomic Times ยท 1y ago
No plans to exit from any portfolio companies: Sanjeev Bikhchandani
Medial

Info Edge co-founder Sanjeev Bikhchandani has stated that the company is not currently considering exiting any of its portfolio companies. This comes as the stock markets reach all-time highs and some of Info Edge's listed portfolio companies, like Zomato and PB Fintech, have seen significant increases in their share prices. Bikhchandani emphasized the need for patience when investing in Indian startups, noting that the majority of the value is typically realized after several years. He also mentioned that if a portfolio company experiences major issues or receives a great acquisition offer, an exit may be considered. Info Edge reported an 8% YoY growth in operating revenue for the quarter.

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