🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

'Never had a funding winter... good firms always had enough money to back them': Sanjeev Bikhchandani

Business Today

Business Today · 1y ago

'Never had a funding winter... good firms always had enough money to back them': Sanjeev Bikhchandani

Indian startup funding has hit a seven-year low in 2023, with investments falling 72% YoY to $7bn compared to $25bn in 2022, according to data from Tracxn. However, Sanjeev Bikhchandani, the investor behind Info Edge, which owns Naukri.com, has said that there was never really a funding winter in the Indian startup ecosystem, but rather a funding excess. Bikhchandani believes that good companies always have enough money to back them, and startups are expected to play a crucial role in making India a developed economy by 2047. PE/VC investments in India also fell 11% YoY in CY 2023.

1

Related News

Passed On Opportunities To Invest In Flipkart, Snapdeal, Ola: Sanjeev Bikhchandani

Inc42 · 1y ago

Passed On Opportunities To Invest In Flipkart, Snapdeal, Ola: Sanjeev Bikhchandani

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.

A dishonest founder will find his way around regulation, governance measures: Sanjeev Bikhchandani

Money Control

Money Control · 2y ago

A dishonest founder will find his way around regulation, governance measures: Sanjeev Bikhchandani

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.

Market not willing to bet on loss-making startups: Info Edge founder Sanjeev Bikhchandani

Money Control

Money Control · 1y ago

Market not willing to bet on loss-making startups: Info Edge founder Sanjeev Bikhchandani

Sanjeev Bikhchandani, founder of Info Edge India Ltd, believes that the market will remain cautious about loss-making startups unless they demonstrate a clear path to profitability. He expressed doubts about the public market's willingness to give high valuations to such firms after market corrections in 2022. However, he noted that the investor sentiment towards tech companies has improved in 2023, with Zomato, Paytm, and PB Fintech showing profitability. Bikhchandani also mentioned that a capital squeeze could benefit startups by forcing them to become more frugal and conscious of unit economics.

Companies Seeking To Flip Back To India Due To Better IPO Prospects: Sanjeev Bikhchandani

Inc42 · 11m ago

Companies Seeking To Flip Back To India Due To Better IPO Prospects: Sanjeev Bikhchandani

Sanjeev Bikhchandani mentioned that companies are considering moving their domicile to India due to better IPO prospects compared to other countries. He discussed this during a conversation with Inc42's CEO, Vaibhav Vardhan, at Money X. Bikhchandani highlighted that the IPO standard is higher overseas in terms of revenue, profitability, and other metrics. InfoEdge, a company in which Bikhchandani has invested, holds around 13% of Zomato's shares, a company that recently went public in India.

Tragic setback for investors: Bikhchandani on BluSmart crisis

Inshorts · 4m ago

Tragic setback for investors: Bikhchandani on BluSmart crisis

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."

'Founders Are Heros, Not Dukaandars': Sanjeev Bhikchandani Joins 'Piyush Goyal vs Indian Start-Ups' Debate

OutlookIndia

OutlookIndia · 4m ago

'Founders Are Heros, Not Dukaandars': Sanjeev Bhikchandani Joins 'Piyush Goyal vs Indian Start-Ups' Debate

Info Edge founder Sanjeev Bikhchandani has criticized Union Minister Piyush Goyal's negative comments on Indian start-ups, calling them "untrue" and "unfounded." Bikhchandani emphasized the risks and contributions of start-up founders, asserting they deserve respect. Goyal's remarks, which compared Indian and Chinese businesses, have sparked industry backlash. Leaders like Ashneer Grover and Mohandas Pai defended the entrepreneurial ecosystem and sought government support. A start-up helpline was announced for complaints and suggestions.

Sanjeev Bikhchandani hits back at startup critics: 'Founders take a risk'

Business Today

Business Today · 4m ago

Sanjeev Bikhchandani hits back at startup critics: 'Founders take a risk'

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.

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

Livemint

Livemint · 10m ago

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

- 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.

Info Edge founder bats for 'Indian app store' after Google action on Indian apps

Livemint

Livemint · 1y ago

Info Edge founder bats for 'Indian app store' after Google action on Indian apps

Info Edge founder Sanjeev Bikhchandani has called for the creation of an Indian mobile application store as part of the country's 'Digital Public Infrastructure', following Google India's takedown of mobile apps from 10 Indian companies. The dispute stems from Google's imposition of a service fee for in-app payments, with Indian startups resisting the fee. Bikhchandani clarified that there were no pending invoices and payments had been made promptly. He suggested India needs an App Store/Play Store as part of its public infrastructure, similar to UPI and ONDC, to strategically address the issue.

Businesses must nurture startups without seeking ownership: Zomato's Deepinder Goyal

Economic Times

Economic Times · 1y ago

Businesses must nurture startups without seeking ownership: Zomato's Deepinder Goyal

Deepinder Goyal, founder and CEO of Zomato, believes that established businesses should support and nurture startups without the intention of owning them. Goyal expressed this sentiment at the Startup Mahakumbh event, emphasizing the need for larger businesses to invest in startups to help them grow. Sanjeev Bikhchandani, Vice Chairman of Info Edge India, added that investing in startups was a key strategy for their company. The Indian government also launched the Bharat Startup Ecosystem Registry to create a comprehensive database of startups, investors, and incubators, fostering networking opportunities and coordination within the ecosystem.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Just Months After Promotion, Open ...

Microsoft locks down a building a ...

Gaming Ban Stumps Cricket: Virat ...

Download the medial app to read full posts, comements and news.