sanjeev bikhchandani zomato

The stock jumped 8% last week, the most since July, amid a broad equity rally in India. “If Info Edge were to liquidate Policybazaar and Zomato at current valuations, it will make 35% IRR,” he says. We were introduced to Zomato by Sanjeev Bikhchandani, founder at Naukri where Sequoia had been an investor. Sanjeev Bikhchandani is the Co-Founder and the Vice Chairman of Info Edge, the owner of Naukri.com India’s largest job portal. This will alert our moderators to take action. 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ET NOW's Nayantara Rai caught up with Sanjeev Bikhchandani, founder and executive vice chairman of Info Edge India, second largest shareholder of Zomato on the $350 millions of UberEats deal. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. Sanjeev Bikhchandani, Founder and Executive Vice Chairman of Info Edge. When I met Deepinder I found myself on the defensive at first because this was an entrepreneur who had a competitive offer on hand. Listen-in!!! I liked his bias for action, but wasn't sold just yet. One way of building that trust was for Sequoia to execute really fast to show him that we are a like-minded partner. Internet entrepreneur Sanjeev Bikhchandani NEW DELHI: In perhaps the first red flag by a significant start-up curator against 'flipping', a Naukri.com and Zomato investor has said foreign funds are the new East India Company that are colonising successful start-ups in India by transferring ownership overseas to skip Indian regulations and taxes. He was given the Padma Shri Award, the fourth Highest civilian award in India, in January 2020. Zomato’s revenue is expected to return to pre-Covid levels in one or two months while revenue from IT companies’ recruitment on Naukri.com has rebounded, Sanjeev Bikhchandani, Info Edge’s vice chairman and founder, said on a call with analysts last week. Indian internet pioneer, Sanjeev Bikhchandani, draws his wealth from listed Info Edge (India). He was recently named as one of the recipients of the Padma Shri award. Info Edge also owns web sites like Jeevansathi.com, 99acres.com, Brijj.com, Naukrigulf.com, Shiksha.com, Quadrangle and Firstnaukri.com The Noida- headquartered company has launched its maiden venture capital fund, dubbed Info Edge Venture Fund or IEVF, it said in an exchange filing on Thursday. Source: Company’s Annual Report 2019-20 . Currently, this brand is a clear market leader in the recruitment industry with a traffic share of more than 70%. It was all done in about ten days. He along with his partner won the “Ernst and Young – Entrepreneur of the Year” award in 2008 for Business … Yes, they moved very fast. Sanjeev Bikhchandani Founder, Info Edge. Prior to meeting with the team at Sequoia, I had heard of certain experiences that other founders had with them, however I hadn't heard Sequoia's side of those encounters. Sanjeev is the Co-Founder of Naukri.com, 99acres.com, Jeevansathi.com, and an investor in promising start-ups like zomato, policybazaar.com, meritnation.com, etc. Painfully enough, we met at 7 am the next morning at our office. And while I candidly tried to allay his fears I also felt it was important to gain his trust by our actions. Directors of Zomato Private Limited are Zheng Liu, Deepinder Goyal, Kaushik Dutta, Douglas Feagin, Guoming Cheng, Sanjeev Bikhchandani, Mohit Bhatnagar Anand, . I called Mohit and said, “We need people; how many good people can you spare for Zomato and for how long?”. Zomato was a company that we were tracking closely from the outside. Deepinder is an ambitious, quick thinking and quick acting founder who always speaks his mind (love him for this)! ALSO READ. A few people volunteered immediately and came over to our offices where they camped it out with us for the next few weeks to give our online ordering business an amazing standing start. Sanjeev Bikhchandani said that foreign funds are the new East India Company that are colonising successful start-ups in India. Mohit took the time to explain Sequoia’s position in each of those cases and it made sense. Mr. Bikhchandani’s work experience includes an advertising position at Lintas India Limited, a marketing position at HMM Limited (now known as Glaxo SmithKline), and a senior management position at CMYK Printech Private Limited (owner of The Pioneer newspaper). Info Edge launched IEVF in January this year as an INR 100 Cr fund, as per Sanjeev Bikhchandani, the founder of the company. After backing a slew of startups, including Zomato and PolicyBazaar, Sanjeev Bikhchandani-led Info Edge has formally entered the venture capital business. Also, since he didn’t know Sequoia well, he was skeptical about our ability to be nimble and agile to close the investment quickly given he was already in advanced conversations with the others. Sanjeev Bikhchandani recognized the potential and started with Indian job search engine “Naukri.com” in 1997. Biography. Sanjeev Bikhchandani, Founder, Info Edge on what that means for the long-term investor in Zomato. Sanjeev Bikhchandani is an Indian Internet Entrepreneur, who founded a pure play firm, Info Edge (India) Limited in 1995. Just four days after we first met Deepinder, we decided that this was a company Sequoia should invest in. There was also a negative external perception of Sequoia at the time, given a lot of 'biased' stories I had heard from other entrepreneurs. Along with his partner, Mr. Hitesh Oberoi, he won the Ernst and Young – Entrepreneur of the Year award in 2008 for Business Transformation. Entrepreneurship, Business Leaders Motivational, Thought Leaders . Internet entrepreneur Sanjeev Bikhchandani New Delhi: In perhaps the first red flag by a significant start-up curator against 'flipping', a Naukri.com and Zomato investor has said foreign funds are the new East India Company that are colonising successful start-ups in India by transferring ownership overseas to skip Indian regulations and taxes. Tomorrow is different. https://www.sequoiacap.com/india/company-story/zomato-story Deepinder and Mohit tell the story of how the partnership came about. Zomato aims to help consumers discover great places to eat across the globe. Given the stage of the conversation we were at with the other investor, Mohit was the one who had to pitch Sequoia to us, not the other way around. Well, that just means there is always scope to do better for ourselves and our investments. I wasn't initially convinced that they would meet us halfway. Sanjeev Bikhchandani is an Indian businessman, who is the founder and executive vice chairman of Info Edge which owns Naukri.com, a job portal, as well as the co-founder of Ashoka University. We share a common vision and values and we look forward to backing great entrepreneurs in India together.” said Sanjeev Bikhchandani, Founder and Executive Vice Chairman of Info Edge. In 2007 itself, they identified the need and role of the data … (Discuss) Proposed since July 2020. Zomato clocked in 60% and 35% higher gross merchandise value (GMV) on New Year’s Eve and Christmas in 2020 respectively, compared to the previous year, CEO Deepinder Goyal said on Twitter. ET NOW's Nayantara Rai caught up with Sanjeev Bikhchandani, founder and executive vice chairman of Info Edge India, second largest shareholder of Zomato on the $350 millions of UberEats deal. Following this we camped out at the Zomato office – going through the rigorous pre-investment process with a large team to complete all legal, finance and business diligence. As long as the team is working to a plan and being consistent, Sequoia would get you what you want and not mess with stuff. Eventually, the rating became a bit of a joke, but he only ever gave us a highest score of 8 out of 10. The company owns an online job portal Naukri.com, a matrimonial website Jeevansathi.com, a real estate classfields platform 99Acres.com and an educational website Shiksha.com.He is the co-founder of Ashoka University, located in Sonipat, Haryana, India.In January … Info Edge co-founders: Sanjeev Bikhchandani (left) & Hitesh Oberoi (right) ... Info Edge’s venture capital investments in Policybazaar (online insurance aggregator) and Zomato (online food and grocery aggregator) are the jewels in its Rs.500-billion market cap crown. Online food delivery and restaurant discovery platform Zomato has acquired the Indian operations of Uber Eats in an all-stock transaction that will give the US-based Uber 9.9% shareholding in the Gurgaon-based company. Let's reshape it today, Hunt for the brightest engineers in India. 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