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Several big companies of tomorrow will emerge from startups of today: Info Edge founder

Economic Times

Economic Times · 6m ago

Several big companies of tomorrow will emerge from startups of today: Info Edge founder

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.

Related News

Doubtful of markets’ reception of loss-making firms without visibility on profits: Sanjeev Bikhchandani

Economic Times

Economic Times · 1y ago

Doubtful of markets’ reception of loss-making firms without visibility on profits: Sanjeev Bikhchandani

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.

No plans to exit from any portfolio companies: Sanjeev Bikhchandani

Economic Times

Economic Times · 11m ago

No plans to exit from any portfolio companies: Sanjeev Bikhchandani

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.

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.

Google reinstates Info Edge apps, including Naukri and 99acres on Play Store

Economic Times

Economic Times · 1y ago

Google reinstates Info Edge apps, including Naukri and 99acres on Play Store

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.

How Zomato backer Info Edge's startup bets are shaping up

VCCircle

VCCircle · 1y ago

How Zomato backer Info Edge's startup bets are shaping up

Indian venture capital firm, Info Edge India Ltd, led by entrepreneur Sanjeev Bikhchandani, has invested in several new startups to expand its portfolio, which already includes Zomato and Policybazaar. However, the firm has also written off some of its previous investments. The growth of Info Edge's investments in Indian startups reflects the firm's continued interest in supporting entrepreneurial ventures.

Investors Need To Identify Early Stage Gems To Chart Growth Roadmap: Sanjeev Bikhchandani

Inc42 · 10m ago

Investors Need To Identify Early Stage Gems To Chart Growth Roadmap: Sanjeev Bikhchandani

Info Edge founder and vice executive chairman, Sanjeev Bikhchandani, highlighted the importance of identifying early-stage startups with potential for investment success. Speaking at Inc42's MoneyX 2024 event, Bikhchandani advised investors to exercise patience and take calculated risks when investing in unlisted companies and early-stage funds. He mentioned the example of Info Edge's investment in Zomato, where they saw promise in the startup's founder, Deepinder Goyal, despite it being a high-risk venture initially.

Google reinstates popular Indian apps in Play Store, government says delisting cannot be permitted

Thehindubusinessline

Thehindubusinessline · 1y ago

Google reinstates popular Indian apps in Play Store, government says delisting cannot be permitted

Google has reinstated several Indian apps, including those from Info Edge, after they complied with Play Store billing policies. The move comes after the Indian government criticized Google for delisting around ten Indian apps. However, some apps, such as QuackQuack, TrulyMadly, and Stage, remain delisted. The Indian IT and Telecom Minister has called for a meeting on Monday to address the issue, stating that Indian startups should be protected and not subject to the policies of big tech companies. Google had recently announced its payment policy, offering different billing options for developers.

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.

Private companies not chasing profitability are only 'postponing the trouble': Info Edge’s Sanjeev Bikhchandani

Money Control

Money Control · 1y ago

Private companies not chasing profitability are only 'postponing the trouble': Info Edge’s Sanjeev Bikhchandani

Sanjeev Bikhchandani, Founder & Vice Chairman of Info Edge India, states that non-listed companies that are focused on growth and not profitability are simply delaying the inevitable. He highlights the tighter availability of funding and the need to manage with existing resources. Bikhchandani also mentions that private investors are now emphasizing the importance of profitability before providing further funding. However, Info Edge plans to maintain its stakes in Zomato and PBFintech, as it expects further growth in these companies.

Tata, Adani have funds for deep tech R&D in India: Bikhchandani

Inshorts · 3m ago

Tata, Adani have funds for deep tech R&D in India: Bikhchandani

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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