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Zomato: We are holding on to Zomato, there is still tremendous potential: Sanjeev Bikhchandani


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
zoom nearly 1,050 times after the food delivery app’s IPO. Bikhchandani, who has been closely associated with Zomato through all its crests and troughs, told ET’s Digbijay Mishra and Sneha Shah in an interview that it will hold on to the bulk of the shareholding (around 15%) as it sees tremendous growth potential in Zomato. Info Edge, he said, has seen an internal rate of return (IRR) of roughly 60% from the restaurant aggregator over the years, a record. Bikhchandani, a first-generation internet entrepreneur, also spoke about what the Zomato IPO means for the startup ecosystem and how exits will ensure more capital is ploughed back. Edited Excerpts: ....

Deepinder Goyal , Hitesh Oberoi , Rakesh Jhunjhunwala , Sneha Shah , Sanjeev Bikhchandani , Digbijay Mishra , Pankaj Chaddah , It Services , Info Edge , How Zomato , Taxi For Sure , Stanza Living , ஹிடேஷ் ஓபெறோய் , ராகேஷ் ஜுன்ஜுன்வாலா , ஸ்னேஹா ஷா , அது சேவைகள் , தகவல் விளிம்பு , எப்படி ஜோமத்தோ , டாக்ஸி க்கு நிச்சயம் , சரணம் வாழும் ,

We are holding on to Zomato, there is still tremendous potential: Sanjeev Bikhchandani


We are holding on to Zomato, there is still tremendous potential: Sanjeev Bikhchandani
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Synopsis
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 ....

Deepinder Goyal , Hitesh Oberoi , Rakesh Jhunjhunwala , Sneha Shah , Sanjeev Bikhchandani , Digbijay Mishra , Pankaj Chaddah , It Services , Info Edge , How Zomato , Taxi For Sure , Stanza Living , ஹிடேஷ் ஓபெறோய் , ராகேஷ் ஜுன்ஜுன்வாலா , ஸ்னேஹா ஷா , அது சேவைகள் , தகவல் விளிம்பு , எப்படி ஜோமத்தோ , டாக்ஸி க்கு நிச்சயம் , சரணம் வாழும் ,

Koo raises $30 mn Series B investment led by Tiger Global

Koo has raised $30 million in Series B funding. Tiger Global has led the investment roundwith existing investors Accel Partners, Kalaari Capital, Blume Ventures and Dream Incubator also participating in the round. IIFL and Mirae Assets are other new investors who have come on board the cap table with this round.  ....

Aprameya Radhakrishna , Smriti Irani , Deve Gowda , Piyush Goyal , Supriya Sule , Deepak Hooda , Anupam Kher , Mayank Bidawatka , Upendra Khushwaha , Javagal Srinath , Chandrashekhar Aazad , Kangna Ranaut , Bhaichung Bhutia , Ravi Shankar Prasad , Mary Kom , Congress Kamal Nath , Bhim Army , Accel Partners , Kalaari Capital , Blume Ventures , Dream Incubator , Mirae Assets , Prime Minister Deve Gowda , Taxi For Sure , Media Ant , அப்ரமேய ராதாகிருஷ்ணா ,