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:

  • Self-regulation for crypto ads
  • Mamaearth valued at $730 million
  • Inside IISc Bangalore’s Incubation Lab

We have the luxury of being really patient: Info Edge founder

Gif: Tenor

Eleven years ago, Sanjeev Bikhchandani, founder and vice chairman of Info Edge (India) Ltd., wrote a Rs 4.7 crore cheque to Zomato—the foodtech startup’s first institutional investment.

Info Edge, which remained Zomato’s sole investor in its first few funding rounds, has been with the company through its ups and downs. But it saw its early bet pay off and then some last week, when Zomato became the first consumer internet company to go public in India. Its stake is now worth roughly 1,000 times what it put in.

In an interview,…

Read more…

RELATED ARTICLESMORE FROM AUTHOR