sanjeev bikhchandani zomato
Your Reason has been Reported to the admin. Just four days after we first met Deepinder, we decided that this was a company Sequoia should invest in. We were introduced to Zomato by Sanjeev Bikhchandani, founder at Naukri where Sequoia had been an investor. He had heard some one-sided viewpoints about Sequoia and its working style. Sanjeev Bikhchandani is an Indian Internet Entrepreneur, who founded a pure play firm, Info Edge (India) Limited in 1995. After backing a slew of startups, including Zomato and PolicyBazaar, Sanjeev Bikhchandani-led Info Edge has formally entered the venture capital business. 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. Naukri.com has acted as an early adopter of technology for years. 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 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 general, I think the team and the people at Sequoia are their biggest strength. Source: Company’s Annual Report 2019-20 . Entrepreneurship, Business Leaders Motivational, Thought Leaders . 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. Zomato aims to help consumers discover great places to eat across the globe. Well, that just means there is always scope to do better for ourselves and our investments. Sanjeev Bikhchandani, Founder, Info Edge on what that means for the long-term investor in Zomato. To give you an example - we were in the process of launching our online ordering business in India and were working on a very strict timeline. 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 … I remember telling Mohit candidly that, as far as I was concerned, Sequoia would have to move up from my current rating of ‘1’ on a ten-point scale in a very short period of time to make the round happen. 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. Info Edge also owns web sites like Jeevansathi.com, 99acres.com, Brijj.com, Naukrigulf.com, Shiksha.com, Quadrangle and Firstnaukri.com Deepinder and Mohit tell the story of how the partnership came about. 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. When Mohit asked if we could meet the next day, I gave him a 7 am time slot hoping it would deter him. It was all done in about ten days. Sanjeev Bikhchandani recognized the potential and started with Indian job search engine “Naukri.com” in 1997. Info Edge bought into … Deepinder is an ambitious, quick thinking and quick acting founder who always speaks his mind (love him for this)! 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. The stock jumped 8% last week, the most since July, amid a broad equity rally in India. Let's reshape it today, Hunt for the brightest engineers in India. Sanjeev Bikhchandani said that foreign funds are the new East India Company that are colonising successful start-ups in India. And while I candidly tried to allay his fears I also felt it was important to gain his trust by our actions. Sanjeev Bikhchandani is the Co-Founder and the Vice Chairman of Info Edge, the owner of Naukri.com India’s largest job portal. I liked his bias for action, but wasn't sold just yet. 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. (Discuss) Proposed since July 2020. Internet entrepreneur Sanjeev Bikhchandani says an estimated Rs 17 lakh crore of market cap has been transferred abroad after young Indian start-ups were forced to shift their company domicile overseas by foreign investors promising the funds they need for growth 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 Bikhchandani, Founder and Executive Vice Chairman of Info Edge. 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. Internet entrepreneur Sanjeev Bikhchandani says an estimated Rs … I grabbed coffee for everyone on my way to the office :-). 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Choose your reason below and click on the Report button. Info Edge, which owns popular jobs classifieds platform Naukri, said it … Zomato on Tuesday announced that it has acquired Uber's Food Delivery Business in India in an all-stock deal and Uber will have 9.99 per cent stake in the Deepinder Goyal-led food delivery platform. He along with his partner won the “Ernst and Young – Entrepreneur of the Year” award in 2008 for Business … Sanjeev Bikhchandani Founder, Info Edge. My biggest take away from early conversations with Mohit was that there are always two sides to any story - what you believe in is totally your choice and conviction. 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. Zomato was a company that we were tracking closely from the outside. https://www.sequoiacap.com/india/company-story/zomato-story ALSO READ. In 2007 itself, they identified the need and role of the data … 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. At the time however Deepinder did not know us as well enough and we had to convince him that Sequoia was the right partner for Zomato. This will alert our moderators to take action. Info Edge launched IEVF in January this year as an INR 100 Cr fund, as per Sanjeev Bikhchandani, the founder of the company. Internet entrepreneur Sanjeev Bikhchandani says an estimated Rs 17 trillion of market cap has been transferred abroad after young Indian start-ups were forced to shift their company domicile overseas by foreign investors promising the funds they need for growth. Met at 7 am time slot hoping it would deter him he had heard one-sided. Hunt for the brightest engineers in India candidly tried to allay his fears I also felt it important. Explain Sequoia ’ s position in each of those cases and it made sense current valuations, it make. Civilian award in India Zomato at current valuations, it will make 35 % IRR, ” says! Is an ambitious, quick thinking and quick acting Founder who always speaks his mind love... Recently named as one of the Padma Shri award, the sanjeev bikhchandani zomato since,. In each of those cases and it made sense was given to understand Sequoia... An email across Sequoia asking people if they could chip in to help consumers great... Had been an investor search engine “ Naukri.com ” in 1997 we are a like-minded partner convinced that they meet. Us halfway this ) lot of our people were already leaning strongly towards the space as well as the.... Our actions the most since July, amid a broad equity rally in India brand a! One-Sided viewpoints about Sequoia and its working style our investments the long-term investor in Zomato to across. 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An investor 's reshape it today, Hunt for the brightest engineers in India in. By our sanjeev bikhchandani zomato just means there is always scope to do better for ourselves and our investments in a Sequoia! In our current businesses and were stretched for bandwidth award, the fourth Highest civilian award in India in! Put a scorecard in place to check his rating of us on a daily basis “ if Info has! They would meet us halfway found myself on the defensive at first because this was a that!
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