Info Edge hits high records in 2020
By MYBRANDBOOK
Info Edge stock has hit a high record and has clocked in gains of >70% in 2020 itself. The stock has been the third-best gainer on the Nifty IT index.
Sanjeev Bikhchandani, Founder and Vice Chairman, Info Edge has shared his vision for Info Edge. He shared that they are not influenced by market capitalization and remain focused on running the business. He said, “In the medium to long run, we hope and expect that we will own substantially or wholly maybe 4-5 internet biz which are very valuable (market capitalization of upwards of a couple of billion-dollar each) with a pipeline of more building up."
He said that they are looking to make one or two acquisitions and that is the reason why the company recently raised capital via QIP. They will focus on growing the 4 current verticals (which include Naukri.com, 99acres, Jeevansathi and the education business) and acquire leadership where they currently do not have it and strengthen leadership presence where the business has leadership. He expects other businesses to turn profitable and will continue to invest in startups and expects the current startups to do well.
Sanjeev regards investments in both Zomato and PolicyBazaar as a great success. He and his team have been very selective while investing in startups. In the last 13 years, Sanjeev and his team have invested in 30-35 startups after having seen about at least 7000 -10000 startups before investing. The list of declines has been long for them.
Of the several parameters that Sanjeev looks at before investing in startups, he shared the four most important parameters. First: Is there any evidence of natural inflection, is the business solving an unsolved problem. Second: the quality of the team, the commitment of the team. Third: Does the business have a moat, is it building an IP and is there a network effect and fourth: the competitive environment.
Sanjeev shared that they follow a bottom-up approach while investing in startups. They meet nearly 100s of startups in a month and if they like the idea and the team and the business is throwing natural traction etc, they back it up with a small amount of money and then follow it up with more money if the idea succeeds.
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