Why Sanjeev Bikchandani, the Naukri man, wants to be a builder and funder with Info Edge

Every month some 30 million people seeking to satisfy their gastronomic cravings by visiting Zomato, the popular restaurant discovery service, co-founded by Deepinder Goyal and Pankaj Chaddah news of Zomato’s acquisition, its global ambition and its huge appetite — six acquisitions in five months — pushed share prices of Info EdgeBSE -0.18 % (India) up on a day the BSE Sensex was down. But why the boost for Info Edge? The internet company, founded by 51-year-old Sanjeev Bikchandani, is Zomato’s single largest shareholder with a 50.1% holding. Bikchandani spotted Zomato early and made a $1 million investment in it five years ago, and followed it up with five more rounds of investment worth a total of Rs 327 crore. Its investments in Zomato are now worth over Rs 2,030 crore.
Source: http://economictimes.indiatimes.com/news/emerging-businesses/entrepreneurship/why-sanjeev-bikchandani-the-naukri-man-wants-to-be-a-builder-and-funder-with-info-edge/articleshow/45892016.cms

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