He has got honors and recognitions such as Padma Shri 2021, ETSA Midas Touch Best Investor 2021 & Ernst and Young Entrepreneur of the Year Award in 2008. An IIM Ahmedabad alumni who quit his well paid and secure job at GlaxoSmithKline as a product executive to encourage his entrepreneurial spirit.
A man who once belonged to a middle-class family is now most revered investor as well as a businessman. He founded Info Edge and Indmark along with his friend in 1990. In 1993, the two friends had to separate. He lost Indmark but had Info Edge in his hand which was then a data reporting company which initially surveyed placement reports of MBA and engineering colleges. Then Info Edge would sell this data to different companies.
In mid 1990s recession began and people all over the country started losing their jobs. The man knew this was the opportunity and he launched Naukri.com in 1997 with 1000 ads which were picked from various classified ads and magazines. He later went on to build many revolutionary companies one by one. He launched Naukri.com to help job seekers connect with job providers. He then launched jeevansathi.com, 99acres.com & shisksha.com among others.
Zomato and PolicyBazaar have proved to be very profitable bets by this investment wizard. You might be wondering who is this incredible man right! Well he is none other than Sanjeev Bikhchandani. Sanjeev led Info Edge, invested INR 4.7 crore in Zomato in 2010 which is now worth INR 16,327 crore. He is an inspiration to young entrepreneurs. Many angel investors look up to him.
The secret to Sanjeev’s success is that he understands the importance of internet, and has always tried to build companies which can create a PAN India presence with the help of the internet. What can be Sanjeev’s investment philosophy? He knows the advantage of early stage investing. That is the reason why Info Edge today holds large chunks of equity in dozens of early stage startups. Sanjeev once said in an interview, ‘with more data analytics, IOT, automation, cloud, SaaS as well, all of these are creating great opportunities. Info Edge doesn’t want to miss this opportunity.’
Both investors as well as entrepreneurs can gain an immense wisdom from Sanjeev’s story and how he saw the opportunity and created what he created. We at Convey Connect are also on the same vision to inspire and encourage potential entrepreneurs and investors to be hungry about their dreams. If you are aspiring to raise funds for your startup or you’re willing to invest in these early startups then contact us ASAP.