Also in this letter:
- Self-regulation for
- Mamaearth valued at $730 million
- Inside IISc Bangalore’s Incubation Lab
We have the luxury of being really patient: Info Edge founder
Eleven years ago, Sanjeev Bikhchandani, founder and vice chairman of Info Edge, wrote a Rs 4.7 crore cheque to Zomato — the food 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 domestic startup to go public in India. Its stake is now worth roughly 1,000 times what it put in.