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Jobs in India Will Be in Jeopardy Due to AI, Says Info Edge Co-Founder Sanjeev Bikchandani
OutlookIndia
·
4m ago
Medial
As the adoption of Artificial Intelligence (AI) rises in India, job displacement is a concern, as noted by Info Edge's co-founder, Sanjeev Bikchandani. He observed that while AI will create new jobs, it will not benefit those losing existing roles. Many startups, including his, are increasingly integrating AI, leading to job cuts, particularly in sectors like call centers. Leaders like TCS's CEO have echoed this sentiment, highlighting AI's potential impact on employment.
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Passed On Opportunities To Invest In Flipkart, Snapdeal, Ola: Sanjeev Bikhchandani
Inc42
·
1y ago
Medial
Sanjeev Bikhchandani, the co-founder of Info Edge, reflected on missed investment opportunities in startups like Flipkart, Ola, Bigbasket, and Snapdeal. Despite the misses, Info Edge owns a significant stake in Zomato and Policybazaar. Bikhchandani mentioned that the perception of being a good investor is based on whether enough investments turn out to be successful. He also expressed skepticism about the public market's receptiveness to loss-making companies' IPO ambitions unless there are clear prospects of profitability. Info Edge recently reported a 157% YoY increase in net profit for Q3 FY24.
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A dishonest founder will find his way around regulation, governance measures: Sanjeev Bikhchandani
Money Control
·
2y ago
Medial
Sanjeev Bikhchandani, co-founder of Info Edge (India) Ltd., expressed the view that a dishonest founder will always find ways to circumvent regulations and governance measures. He emphasized the need for strong ethics and integrity in startup founders. Bikhchandani also highlighted the significance of robust governance frameworks to prevent misconduct and ensure transparency in the startup ecosystem. Info Edge founder argues that auditors and independent directors are there to save founders from themselves.
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No Plans To Exit Portfolio Companies: Zomato-Backer Info Edge
Inc42
·
11m ago
Medial
Info Edge co-founder, Sanjeev Bikhchandani, advises investors to stay invested for a long time to maximize their returns based on his previous experiences. Info Edge has seen significant gains on its investments in Zomato and PB Fintech, amounting to INR 2,189 Cr and INR 749 Cr respectively. In Q1 FY25, Info Edge's profit surged by 75% YoY to INR 258.85 Cr, with a 20% increase in revenue from operations to INR 827.92 Cr.
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Google reinstates Info Edge apps, including Naukri and 99acres on Play Store
Economic Times
·
1y ago
Medial
Info Edge India's flagship apps, including Naukri, 99acres, and Naukri Gulf, which were removed from the Google Play Store, have been reinstated. Info Edge India founder Sanjeev Bikhchandani credited the swift action to the efforts of the Info Edge team. Google recently took action against 10 Indian companies for non-compliance with billing policies, which has caused opposition from app developers. Info Edge India had been reviewing and evaluating the situation while working with Google to restore the apps.
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Doubtful of markets’ reception of loss-making firms without visibility on profits: Sanjeev Bikhchandani
Economic Times
·
1y ago
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.
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No plans to exit from any portfolio companies: Sanjeev Bikhchandani
Economic Times
·
11m ago
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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Sanjeev Bikhchandani hits back at startup critics: 'Founders take a risk'
Business Today
·
3m ago
Medial
Sanjeev Bikhchandani, founder of Info Edge, defended Indian startups against Suhel Seth's criticism, which labeled 80% of them as a "racket." Bikhchandani asserted that this claim is untrue and unfounded. He highlighted the significant $15 billion investment by Masa Son and SoftBank in India. While Piyush Goyal expressed concerns about the focus on low-value gig work over deep-tech innovation, Suhel Seth further challenged statements made by Zepto co-founder Aadit Palicha.
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Tata, Adani have funds for deep tech R&D in India: Bikhchandani
Inshorts
·
3m ago
Medial
Info Edge Founder Sanjeev Bikhchandani said deep tech development in India needs huge investment and years of patience. He suggested tapping into India's biggest companies, like Reliance Industries, Tata Group and Adani Group, to invest in deep tech startups' R&D. "These are points to be pondered. It can't just be…responsibility of startup world to build deep tech," he said.
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Tragic setback for investors: Bikhchandani on BluSmart crisis
Inshorts
·
2m ago
Medial
Info Edge Founder Sanjeev Bikhchandani said ride-hailing startup BluSmart suspending its operations is "a tragic setback for the investors". "As a customer, I am disappointed because the cab services were really good," he added. Speaking about SEBI's probe into BluSmart partner Gensol Engineering, he said, "There will be some bad actors, but...95-98% of startups are honest."
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Several big companies of tomorrow will emerge from startups of today: Info Edge founder
Economic Times
·
6m ago
Medial
Info Edge founder Sanjeev Bikhchandani emphasized the pivotal role of startups in India's economic growth during the National Startup Day. He stated that many of tomorrow's major companies will emerge from today's startups. Bikhchandani acknowledged the mainstream acceptance of entrepreneurship as a career and credited enabling policies, regulations, talent availability, capital, and India's large market for this transformation. He highlighted Info Edge, known for naukri.com and jeevansathi.com, as an example of successful startup evolution.
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