Mohit took the time to explain Sequoia’s position in each of those cases and it made sense. 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. Sanjeev Bikhchandani recognized the potential and started with Indian job search engine “Naukri.com” in 1997. 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). Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. Let's reshape it today, Hunt for the brightest engineers in India. 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. 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. Just four days after we first met Deepinder, we decided that this was a company Sequoia should invest in. In 2007 itself, they identified the need and role of the data … 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. He … 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. 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. I wasn't initially convinced that they would meet us halfway. 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. Your Reason has been Reported to the admin. Sanjeev Bikhchandani Founder, Info Edge. One way of building that trust was for Sequoia to execute really fast to show him that we are a like-minded partner. He along with his partner won the “Ernst and Young – Entrepreneur of the Year” award in 2008 for Business … Sanjeev Bikhchandani is the Co-Founder and the Vice Chairman of Info Edge, the owner of Naukri.com India’s largest job portal. 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. Sanjeev Bikhchandani is an Indian Internet Entrepreneur, who founded a pure play firm, Info Edge (India) Limited in 1995. 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After backing a slew of startups, including Zomato and PolicyBazaar, Sanjeev Bikhchandani-led Info Edge has formally entered the venture capital business. Entrepreneurship, Business Leaders Motivational, Thought Leaders . 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. I grabbed coffee for everyone on my way to the office :-). I liked his bias for action, but wasn't sold just yet. At the time of our initial conversation we were already leaning strongly towards the space as well as the company. “If Info Edge were to liquidate Policybazaar and Zomato at current valuations, it will make 35% IRR,” he says. 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. 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