Quarterly numbers have been impacted by writing off 276 crore invested in Rahul yadav’s 4B networks.Shows the risk element of investing in Infoedge.However it’s expected as its nature of their investment(bet on few promising startups ,hoping one of them would grow really big)
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Zomato & Policy Bazaar returns for them have been phenomenal. I think another important message Infoedge Management is giving to all its 30 plus startups by doing this write off in q3 , if they squander money or deviate from vision , they will be written off. So all the startups will have to work smartly.
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Road to becoming a $100 bn co? What reaffirms Sanjeev Bikhchandani’s faith? Will he cut stake in Zomato ?
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I have high regard to Sanjeev Bikhchandani, wondering how infoedge miss judge this. This seems series of mistakes by infoedge. Hope they will take a lession.
Interesting read… It seems we retail investor do good diligence than so called VC.
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Does anyone have any insights on how Info Edge’s later bets (startup investments from balance sheet before the formation of the AIF) are faring?
