The ETSA jury chose fairly unanimously
co-founder
For his contribution to the success of Zomato And more importantly, being the first investor to support a food delivery startup in 2010 and
see it finally going public In July this year.
The high-powered jury said the Bikhchandani ecosystem is an example to follow.
“Sanjeev has been around since the first tech boom and has been an inspiration to all of us,” said Sachin Bansal, cofounder of Flipkart and founding jury member of Navi Technologies. “Now he is motivating us as an investor as well. His knack for choosing companies to invest in, helping them and watching them through the entire journey until they go public is exemplary. ”
Bikhchandani honored with Padma Shri, took an initial bet on
When it was Foodiebay and wrote the first four checks for the startup. Since then, he remained committed to the company and eventually
Played a key role in Zomato’s IPO In July this year. His first check for a foodtech startup was in 2010 for Rs 4.7 crore. Today, Info Edge shares in Zomato are valued at Rs 16,327 crore (at the closing price of Rs 136.65 per share on BSE on Friday). The company holds 15.23% stake in Zomato.
The year 2021 will be an extraordinary year for Bikhchandani, who founded Info Edge in 1995. After Zomato’s IPO, Policybazaar – one of their initial bets – also
Filed for an IPO of Rs 6,017 crore. According to ET estimates, the fair market value of Info Edge’s current shareholding in the insurtech startup is between Rs 5,200 crore and Rs 6,200 crore (IPO valuation is of $5-6 billion). ET has learned that the cost of acquisition of those shares for Info Edge was around Rs 576 crore.
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Bikhchandani said that it is a great honor to be declared the winner, thanks to the investment team of Info Edge and mostly to Zomato. “Though I am the face of Info Edge, the truth is that it is the investment team, the other directors have enabled us to remain as investors… It is a joint effort and most of the credit goes to the Zomato team,” They said .
Info Edge’s Enterprise Branch
shares have also been raised At travel startup Ixigo (winner of this year’s Comeback Kid Award)
a pre-IPO round.
Info Edge is a pure-play internet company that runs sites like Naukri and Jeevan Saathi.
Bikhchandani said the other nominees in the segment were influential and highlighted
Recent IPO Success of SaaS Startup FreshWorks, which is also being seen as a turning point for the ecosystem.
Shekhar Kirani, partner at Accel, was the first investor in FreshWorks and has been a big part of the company’s journey. Kirani was shortlisted for the Midas Touch Award, but Accel withdrew from participating in the category as a policy.
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The listing is good. Ask Info Edge
other claimants
Anand Lunia
ETtechLunia is an active early stage investor supporting startups at the seed level in all sectors. Among his major bets is ShareChat, which took its first few steps from India Quotient’s Mumbai office. Lunia’s fourth fund is expected to close at $80-$100 million.
Karthik Reddy
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Reddy, who founded Bloom in 2010, is one of the most active early stage investors in sectors such as e-commerce, edtech, retail and fintech. Apart from his current major bets, he has exited TaxiForSure (acquired by Ola in 2015) and Runner (acquired by Zomato in 2017).
Mukul Arora
ETtechArora, an IIM Lucknow alumnus, focuses on consumer tech startups and has cut first checks for some of India’s biggest startups, including Swiggy and Unacademy. Apart from his main focus area, he has also been evaluating SaaS startups over the past year.
Vikram Vaidyanathan
ETtechVaidyanathan, a former McKinsey advisor, counts four unicorns in his 30-strong portfolio, with companies in sectors such as fintech, SaaS, edtech, B2B and others. His initial focus on financial services has paid off in terms of finding promising startups in the fintech and financial services sector.