Sanjeev Bikhchandani has had a big year. In July, Bikhchandani got validation and public proof with the Zomato IPO that investing in startups via Info Edge - whether from its balance sheet or through Info Edge Ventures is a serious activity. Interestingly, it wasn’t a one-offfor Bikhchandani and Info Edge, as they struck gold again - when another investee company – Policybazaar IPOed in November. According to market capitalizations of the two tech startups - Info Edge’s 15.23 percent stake in food delivery firm Zomato is worth over Rs 18,000 crore and 13.3 percent stake in Policybazaar parent company PB fintech is valued at over Rs 7,000 crore. Bikhchandani has been instrumental in not just being an early investor but also helping them grow to scale and maturity.
The Capitalist
Great companies outlive their founders – Bikhchandani proved this when he stepped down as CEO from Info Edge, giving the charge to Hitesh Oberoi. Today, none of the operating businesses under Info Edge - Naukri.com, JeevanSathi.com, 99acres. com, and Shiksha.com directly report to Bikhchandani. The founder of one of the oldest internet companies in India is focused on establishing the fifth vertical of Info Edge – starting 2007 aimed at creating value for shareholders by investing in startups. It also marked the end of one chapter in Bikhchandani’s life and career and the beginning of a new one. His move represents the completion of a “full circle of entrepreneurship.” In the words of Sanjeev Bikhchandani, Founder, Info Edge, “Over three years gradually I began to think more as an investor. And I stepped aside as CEO in 2010. Then a big part of my job was to look at startups.”
This story is from the December 2021 edition of Entrepreneur magazine.
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This story is from the December 2021 edition of Entrepreneur magazine.
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