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India Business News: MUMBAI: With the definition of a promoter undergoing a change as a large number of private equity and venture fund-led companies are getting listed on.

Sanjeev Bikhchandani on Zomato: ‘Knew they would succeed but not that they would be this big’ "We knew that they would succeed however we did not know they would become this big. Nobody could have imagined this scale of success back in 2010 when we first invested," said Bikhchandani Investor Sanjeev Bikhchandani on Zomatos success Aabha Bakaya Updated Aug 04, 2021, 4:21 PM IST Long before Zomato became a billion-dollar public company, it was spotted by lone investor and founder...

Infosys are trading at the upper end of the PE multiple? We have spoken to a lot of CTOs of western companies over the last year or so and the picture they are giving us is that over the next four, five years, each of the top 1,000 western companies will have to digitise their own businesses. They want to take their old economy IT constructs where they had servers and server farms and so on and move to a new economic construct where the data is on the cloud, where they have data lakes and moder...

Fintech firms face IPO challenges Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Morning Dispatch Well soon meet in your inbox. / Morning Dispatch Three Indian fintech firms have IPOs coming up soon, but face unique challenges related to their revenue models, foreign ownership, and increased scrutiny from regulators. Will they be able to replicate Zomato’s success? Also in this letter: MyGlamm bag Rs 355 crore Zomato’s IPO success will inspire many Pa...

Info Edge digs in; rules for crypto ads; Mamaearth valued at $730M Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Morning Dispatch Well soon meet in your inbox. / Morning Dispatch Zomato’s public listing made a lot of investors rich, but none more than Info Edge. In an interview, its founder told us the company plans to hold on to the bulk of its 15% stake as it still sees huge potential for Zomato to grow. Also in this letter: Inside IISc Bangalores I...

ETtech Sanjeev Bikhchandani, the founder and vice chairman of Info Edge, wrote Zomato’s first cheque of Rs 4.7 crore in 2010 and was its sole investor in the first four funding rounds. Info Edge, which runs portals like Naukri.com and 99 acres.com, has seen its investment value zoom nearly 1,050 times after the food delivery app’s IPO. Bikhchandani, who has been closely associated with Zomato through all its crests and troughs, told ET’s Digbijay Mishra and Sneha Shah in an interview t...

Zomatos market capitalisation breached the Rs 1-trillion mark, overtaking some of Indias biggest companies. The blockbuster listing that led to this milestone will pave the way for other food tech firms, such as Swiggy, to go on a similar road. Read more on this and other top headlines for the day. Zomatos stellar IPO to have positive impact on foodtech firms valuation The blockbuster listing of online food delivery company Zomato is expected to set the stage for many food technology (food...

Sensex crosses 50,000-mark on Thursday; Markets upbeat after Biden swearing-in New-age stocks are seen poised to enter the Nifty50 index, with Info Edge (India) being the closest contender, said a report by ICICI Securities, based on data till July 19. The upcoming semi-annual NIFTY50 reshuffle could result in Info Edge being the closest contender to replace IOCL on September 29. If so, Info Edge will be the first pure play internet platform company to be included in the Nifty50 index as and wh...

We are holding on to Zomato, there is still tremendous potential: Sanjeev Bikhchandani SECTIONS Share Synopsis Overall, the Zomato investment has delivered handsome returns – our back of the envelope calculation is that the IRR is more than 60%. Over a 11-year period, this must be some sort of a record. Great companies do that for their investors. ETtech Sanjeev Bikhchandani, the founder and vice chairman of Info Edge, wrote Zomato’s first cheque of Rs 4.7 crore in 2010 and was its sole i...

After an ugly Delta-driven growth scare plunge at the open on Monday, "Get Out & Party" stocks soared this week. The Nasdaq outperformed and Dow lagged on the week as Small Caps gave back their mid-week panic-buying (swinging from down over 2.5% to up over 3.5% to end the week up 2%)... And the S&P is hitting all time highs because yeah fun-durr-mentals... "Everything is awes ... With Bloomberg headlines hitting moments ago and reminding us that its time for the periodic debt ceiling drama, as ...