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New Delhi [India], August 12 (ANI/News Voir): Stanza Living, India's top managed accommodation brand, has become the first operator to be certified 'Safe Place to Stay' in an authoritative assessment by leading quality audit firm Equinox Labs. ....
Indian Startups Seek Direct Overseas Listing Rights inc42.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inc42.com Daily Mail and Mail on Sunday newspapers.
Tourism & Leisure industry cross border venture financing deals total $1.5bn globally in Q2 2021 almasalla.travel - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from almasalla.travel Daily Mail and Mail on Sunday newspapers.
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: ....
We are holding on to Zomato, there is still tremendous potential: Sanjeev Bikhchandani SECTIONS Share 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 ....