We are holding on to Zomato, there is still tremendous potential: Sanjeev Bikhchandani
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Overall, the Zomato investment has delivered handsome returns – our back of the envelope calculation is that the IRR is more than 60%. Over a 11-year period, this must be some sort of a record. Great companies do that for their investors.
ETtech
Sanjeev Bikhchandani, the founder and vice chairman of Info Edge, wrote
Zomato’s first cheque of Rs 4.7 crore in 2010 and was its sole investor in the first four funding rounds. Info Edge, which runs portals like
Naukri.com and 99 acres.com, has seen its investment value
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Three breakfasts and an IPO
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