Top News

India has more Naukri.com’s in the making: Sanjeev Bikhchandani

Sanjeev Bikhchandani believes that there are more Naukri.com’s
in the making in India. In an interview with Forbes India, Bikhchandani said, “I
understand it is about having patience and to zero-in on an entrepreneur, for
an idea to succeed and for it to become a profitable business.”

Sanjeev Bikhchandani believes that there are more Naukri.com’s
in the making in India. In an interview with Forbes India, Bikhchandani said, “I
understand it is about having patience and to zero-in on an entrepreneur, for
an idea to succeed and for it to become a profitable business.”

Bikhchandani said that he goes through 50 to 100 business
plans everyday. “I am looking for commitment in the entrepreneur. Does he have
the ability to stick on when the times are not good?” Bikhchandani wants to
know the team behind the entrepreneur, the space where the start-up will
operate, and about the competition.

Explaining the rationale behind investing in startups,
Sanjeev Bikhchandani says, “The idea to invest in start-ups cropped up when Info
Edge got listed on the Bombay Stock Exchange in 2006 and raised Rs. 170 crore.
But it was not until 2010 that we became more serious about our strategy.”

Info Edge has Rs 450 crore in its cash reserves in his hands,
but he is clear that not all of the cash will be used for strategic stakes.
“About Rs 90 crore consists of advances from our clients that we do not touch.
Then, I prefer to put aside 15 months of working capital, about Rs 150 crore,
in case of an emergency. So that leaves Rs. 200 crore for Info Edge’s expansion
plan.”

Read the entire article here

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close