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<ul><li>Shares of <keyword id="80004" type="General" weightage="20" keywordseo="info-edge" source="Orion">Info Edge</keyword> (India) Limited reached ₹6,692 at 11:56 a.m. on September 8.</li><li>The development coincides with ICICI Securities issuing a buy call on Info Edge (India) with a target price of ₹8,040.</li><li>The analyst expects increase in hiring, real estate rentals and wedding trends to fill Info Edge’s pockets in the near term.</li></ul>Sanjeev Bikhchandani-led Info Edge’s shares reached ₹6,692 at 11:56 a.m. This represents an increase of ₹509 in value compared to the previous close of ₹6,183 on September 7. Over the last one month, Info Edge’s share price has increased by 23%. Each share was valued at ₹5,368 on August 9 compared to ₹6,692 at 11:56 a.m. The development comes as ICICI Securities has issued a buy call on Info Edge (India) with a target price of ₹8,040 today. The analyst expects the share to reach the target price in a span of one year. The analyst had issued a similar buy call in June with a target price of ₹6,300. ICICI Securities have now revised the target as <keyword id="6740899" type="General" weightage="20" keywordseo="info-edge-shares" source="Orion">Info Edge shares</keyword> have crossed the said target. In its latest report on Info Edge, ICICI Securities has elaborated on the strong points that would lead the company’s stock price to increase. The broking house has also revised the estimated valuations of Info Edge and its subsidiaries. “We value Naukri at 75x [times] financial year 2023 estimates earnings per share. We value 99 Acres and Jeevansathi [Info Edge’s subsidiaries] each at 20x FY 2023 estimated sales. As elaborated in our report, our 1-year forward valuation of Zomato [a portfolio company of Info Edge] stands at $22 billion.” <div type="image" title="Here is how Naukri parent Info Edge’s stock went up 23% in the last one month" msid="86032580" hostid="261"></div> Meanwhile, Info Edge’s portfolio companies — Zomato and Info Edge — are also moving away from the ‘startup’ tag to a maturity stage. Zomato has already hit the public market and bought over <a href="https://www.businessinsider.in/stock-market/news/info-edges-remaining-stake-in-zomato-is-worth-15000-crore/articleshow/84668883.cms">₹15,000 crore</a> in return for Info Edge, PolicyBazaar has filed <a href="https://www.businessinsider.in/business/news/policybazaar-ipo-all-you-need-to-know-the-details-of-sixth-largest-fintech-startup/articleshow/84967042.cms">preliminary papers</a> to go public soon. Further Info Edge invested in another <a href="https://www.businessinsider.in/business/startups/news/travel-app-ixigo-files-for-a-1600-crore-ipo/articleshow/85292327.cms">initial public offering (IPO)</a>-bound company ixigo in July. Key points working in favour of Info Edge <div type="image" title="Here is how Naukri parent Info Edge’s stock went up 23% in the last one month" msid="86032598" hostid="261"></div> Strong hiring could benefit Naukri.com Trends in other markets like the US, which publish job market data periodically, hint towards a significant demand-supply mismatch when it comes to hiring. In India, entrepreneurship, preference to work in startups and flexibility of workplace are going to be biggest drivers of this demand-supply mismatch in hiring, as per ICICI Securities. This is likely to benefit job search platforms like Naukri.com for the next 12-18 months. Vibrant job market will push more people to move out ICICI Securities in its latest report noted that several new trends have emerged in the proptech segment — low interest rate, strong pipeline, print to online shift in advertising, recent direct-to-customer (D2C) approach taken by builders to drive traction in online real estate classifieds. The brokerage firm predicted the spike in paid listing going ahead, which will enable Info Edge-owned 99acre.com’s EBITDA [earnings before interest, taxes, depreciation, and amortisation] profitability to exceed the street estimates. ICICI Securities, however, also noted that competitive intensity is one of the key reasons for the suboptimal profitability in this segment for Info Edge. Besides this, the decline of funding in the real estate segment is also pushing Info Edge’s competition to reduce cash burn. “Nevertheless, the full stack aspirations of competitors like Square Yards is a key risk to watch out for,” the report added. Matchmaking is back on the table Easing of lockdown restrictions and best-in-a-decade job security will encourage more people to look for their partners on matchmaking platforms. ICICI Securities is anticipating a sharp increase in paid listings in the near term to also drive EBITDA profitability, in FY23. This will be a surprise to the current street expectation, the ICICI Securities added. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/zomato-policybazaar-investor-info-edge-invested-in-nearly-2-startups-every-month-in-2021/articleshow/86028438.cms">Zomato, PolicyBazaar investor Info Edge invested in nearly 2 startups every month in 2021</a> <a href="https://www.businessinsider.in/business/startups/news/byjus-bags-another-150-million-to-fund-its-acquisition-spree/articleshow/86027937.cms">Byju’s bags another $150 million to fund its acquisition spree</a> <a href="https://www.businessinsider.in/business/startups/news/zoho-corp-invests-5-million-in-medical-devices-startup-voxelgrids/articleshow/86000656.cms">Zoho Corp invests $5 million in medical devices startup Voxelgrids</a>

Here is why Naukri parent Info Edge’s stock went up 23% in the last one month

<keyword id="477607" type="ORGANIZATION" weightage="100" keywordseo="HSBC-Securities-and-Capital-Markets">HSBC Securities and Capital Markets</keyword>, the brokerage arm of <keyword id="6358584" type="CITY" weightage="100" keywordseo="HSBC">HSBC</keyword>, has halved the valuation of Zomato, bringing it down from $1 billion to $500 million, said a note that Zomato's majority investor Info Edge circulated last month. 
 
In the note, concerns have been raised regarding Zomato's ad-heavy business model, its international operations and growing competition in the online food ordering segment, says a Mint report. 
 
"Zomato is present in 23 markets so early on and none is profitable, which implies that to address both the investments in last-mile delivery and losses in international operations, fund-raising will be a continuous phenomenon, suggesting current valuations don't make much sense. We do a discounted cash flow (DCF) analysis and value the business at 50% lower to the $1-billion valuation" HSBC analyst Rajiv Sharma reportedly said in the note. 
 
Last year, Zomato’s valuation has jumped to $1 billion after it had secured funding worth $50 million from Info Edge, Sequoia Capital and Vy Capital. Talking of the overall funding that it has raised since its launch in 2008, the figure comes to around $225 million. 
 Info Edge, which owns a 50.1% stake in the company, has disagreed with HSBC's estimate, with founder and VC <keyword id="295255" type="PERSON" weightage="100" keywordseo="Sanjeev-Bikhchandani">Sanjeev Bikhchandani</keyword> saying that Zomato's "revenue has more than doubled in the last nine months. Costs have been rationalized and burn is down by more than 70% from the peak. The company has plenty of cash and its unit economics are really good." 
 
"We value our investments at cost and Info Edge has not marked down Zomato at all" Bikhchandani added. 
 
"Our ad business in various countries has up to 93% gross margin... We are profitable in eight countries as of today" a Zomato spokesperson told the publication. "We are growing fast and are on course to becoming profitable as a company very soon. Beyond this, we do not want to comment on valuation markdown speculations of third parties." 
 
<a href="http://top10wala.in/wp-content/uploads/2013/07/Shri-Sanjeev-Bikhchandani-Co-founder-CEO-Info-Edge-India-Ltd.jpg">Image source</a>

HSBC halves Zomato's $1 billion valuation. Zomato has zero profitable markets, though Info Edge says revenues have doubled

<ul><li>Info Edge, one of the biggest promoters of <keyword id="830092" type="COMPANY" weightage="20" keywordseo="Zomato">Zomato</keyword>, sold 3.32% stake in Zomato via initial public offering (IPO) and currently holds 15.23%.</li><li>Info Edge had sold shares worth ₹ 375 crore in an offer for sale which has multiplied into ₹15,000 crore after listing. </li><li>This is because Zomato made a strong listing on exchanges today with a 51% premium and the market capitalisation soared to nearly ₹98,000 crore soon after.</li></ul>The market value of Info Edge’s stake in the newly-listed internet company Zomato has surged to a little less than ₹15,000 crore, which is about a quarter of its own market capitalisation. However, the stock showed little excitement post the successful listing of Zomato, one of its earliest investments. <div type="image" title="Info edge share" height="900" width="1200" msid="84669819" hostid="261"></div> Info Edge sold a 3.3% stake in the food delivery startup for ₹375 crore through the IPO. That would peg the total stake before IPO at about ₹11,000 crore. But now, after the <keyword id="9029084" type="UNKNOWN" weightage="20" keywordseo="zomato-IPO">Zomato IPO</keyword>, the remaining stake is worth a lot more than the entire stake before the sale. Initially the Sanjeev Bikhchandani-led Indian internet company was to sell shares worth ₹750 crore. Later, Info Edge, in a stock exchange <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/afaa5005-257c-49e8-8bfc-8ad84e66f47b.pdf">filing</a> released on July 4, said the board members have considered a reduction in the size of the offer for sale to ₹375 crore by the company. SEE ALSO: <a href="https://www.businessinsider.in/business/news/zomato-makes-a-strong-public-market-debut-at-51-premium-shares-open-at-115/articleshow/84667265.cms">Zomato makes a strong public market debut at 51% premium, shares open at ₹115 </a> <a href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-and-airtel-shares-fall-as-sc-rejects-agr-dues-re-computation-appeal/articleshow/84668288.cms">Vodafone Idea sinks nearly 10% and Airtel tumbles a bit after India’s Supreme Court denies a discount on past dues </a>

Info Edge’s remaining stake in Zomato is worth ₹15,000 crore

The last 18 months have been a testament to businesses’ increasing reliance on <keyword id="12007672" type="General" weightage="20" keywordseo="technology-and-automation" source="Orion">technology and automation</keyword>, to not only survive but also to thrive. In the initial rush to digitise processes, and to enable people to work remotely, and getting more done with fewer hands, the cultural characteristics of an <keyword id="48809" type="General" weightage="20" keywordseo="organisation" source="Orion">organisation</keyword> were a natural casualty. While algorithms were speeding things up, lack of physical proximity, challenges of <keyword id="1591611" type="General" weightage="20" keywordseo="remote-work" source="Orion">remote work</keyword>, including the lack of familiarity with new teammates, were slowing things down. If the likely future of work is going to be more remote or hybrid (less frequent visits to office wherever possible), the ways to hold up an organisation’s culture, and ensuring that every member of the team sticks to the values that define the company, are yet to be fortified. Businesses have tried to replicate the office atmosphere in the form of Zoom gatherings, happy hours, and virtual onboarding sessions. The experience of these may be different from one firm to another. You can hear some of these stories at Business Insider’s Future of Work Summit 2021 on September 15 and 16. It takes years to evolve a company culture that values the well-being of the people, and fosters a feeling of belongingness in them. And it requires constant monitoring to protect it. In light of this, we foresee businesses taking stock of employees’ needs via open communication. To ensure that productivity levels don’t wane over time and the employees keep feeling motivated, organizations need to continuously invest in their employees’ futures and provide them with opportunities and tools that would help them transition to another job or industry with ease or grow in the current one. This intangible culture of an organisation is crucial to create a sense of belongingness among employees. Top executives from some of the biggest companies in India and the world, founders like Sanjeev Bikhchandani Info Edge and Ronnie Screwvala from UpGrad, as well as renowned researchers and academics from the field will be there at the Future of Work Summit exchanging lessons and ideas for a new era of organisation building that is upon us now. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/personal-finance/news/common-financial-mistakes-to-avoid/articleshow/85856175.cms">Common financial mistakes to avoid in your 30s</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/this-bengaluru-startup-is-looking-to-set-up-1-million-ev-chargers-in-next-three-years-raises-4-million/articleshow/85857340.cms">This Bengaluru startup is looking to set up 1 million EV chargers in next three years, raises $4 million</a>

Technology is changing organisations and culture has to keep pace with it

New Delhi, Jan 25 () Sanjeev Bikhchandani, founder and vice-chairman of Naukri.com, India's leading job site, was on Saturday conferred with Padma Shri, one of the highest civilian awards.
According to a home ministry statement, Bikhchandani has been given Padma Shri in the category of trade and industry.
His company also runs Jeevansathi.com, 99acres.com, and Shiksha.com. In addition, it has made strategic investments in promising web start-ups such as Zomato, Policybazaar, Shopkirana and Ustraa.
He graduated from IIM Ahmedabad in 1989.
Starting off from a servant quarter above a garage and seed capital of two thousand rupees, the entrepreneur's company grew and attracted investments from leading global venture capitalists.
It was the first Internet company to list on Indian stock exchanges. Today, the company employs over 4,000 people and has a market capitalisation of over USD 4.5 billion.
Bikhchandani is also the founding trustee of Ashoka University. ACB RHL

Naukri.com founder gets Padma Shri

<ul><li>The 14th edition of <keyword id="906455" type="COMPANY" weightage="20" keywordseo="India-Digital-Summit">India Digital Summit</keyword> held in Delhi, will address topics related to policies, advertising and other industry related trends.</li><li>Delegates from Amazon, PayTm and other industry leading firms will address the Summit</li></ul>Union communications minister <keyword id="6354886" type="PERSON" weightage="20" keywordseo="Ravi-Shankar-Prasad">Ravi Shankar Prasad</keyword> will deliver the inaugural address at the 14th India Digital Summit to be on February 5-6 at The Lalit in New Delhi. The flagship event of IAMAI (Internet and <keyword id="592650" type="COMPANY" weightage="20" keywordseo="Mobile-Association-of-India">Mobile Association of India</keyword>) will raise topics like policies, advertising, digital commerce, start-up ecosystem, emerging tech, and other digital trends. Delegates across the ecosystem like cloud, e-commerce, travel, automobile and “India is on the verge of taking the next digital leap, with over 451 million monthly active internet users and is in second place after China in terms of internet users,” IAMAI said. Top executives like <keyword id="215413" type="PERSON" weightage="20" keywordseo="Amit-Agarwal">Amit Agarwal</keyword> of Amazon; Vijay Shekhar Sharma of PayTM; Sanjeev Bikhchandani of Info Edge will also be present at the summit. As digitization and data collection have become common, industry players and the government alike have become increasingly aware of data privacy. Data breaches too are becoming more common, pushing the government to take cognisance of the need to regulate the industry. Data localisation too is a much debated issue where the government wants to keep Indian data in local servers which is making life tough for MNCs. While this theory’s advocates argue that it will help implement data privacy laws more effectively while global firms feel data will be <a href="https://www.businessinsider.in/tech/news/data-localisation-wont-help-local-firms-or-improve-privacy-but-it-could-cost-india-43-billion/articleshow/72251167.cms">more vulnerable if it’s all in one place</a>. In the meanwhile the world of cybersecurity is changing rapidly. Threats continue to evolve at-par, if not faster than cyber intelligence can keep up. Old methods like trojans are still rampant with new threats like phishing attacks, webcam blackmail, and deep fakes ramping up. As all businesses go digital, some of these issues have been dragging them behind. The two day summit will feature a series of leadership talks by Baijayant Panda, former member of parliament; <keyword id="1929751" type="PERSON" weightage="20" keywordseo="Mohit-Bhatnagar">Mohit Bhatnagar</keyword>, managing director, Sequoia; Dhruv Shringi, co-founder &amp; CEO, Yatra and vice-chairman, IAMAI.

India Digital Summit: union communications minister will discuss digital policies, commerce and startups at the summit

<ul><li>Online retail is set to become the third-largest online retail market by scale by CY30 with an annual gross merchandise value (GMV) of $55 billion in CY21 and $350 billion in CY30, said <keyword id="3359665" type="COMPANY" weightage="20" keywordseo="RedSeer">RedSeer</keyword> at its flagship event Ground Zero 5.0.</li><li>As per the report, shared mobility saw a sharp decline due to the 2nd wave led lockdowns in the last two months.</li></ul>India’s consumer <keyword id="6354648" type="UNKNOWN" weightage="20" keywordseo="digital-economy">digital economy</keyword> which was pegged at USD $85-90 billion in CY 20, is expected to become a USD $800 billion market by 2030, according to reports released by homegrown consulting firm RedSeer at their flagship event Ground Zero 5.0. The digital economy includes 60% of travel, 40% of non grocery retail, 30% of education, 25% of food and beverages services and 6% of Pharma/Grocery going through digital channels by CY30. The Ground Zero 5.0 event was attended by Amitabh Kant, CEO of Niti Ayog along with T.V Mohandas Pai, Chairman, Manipal Global Education Services and Sanjeev Bikhchandani, co-founder, Info Edge along with other stalwarts of the Startup Industry who participated in the day-long panel discussions on retail, mobility, logistics, digital ads, fintech and IPOs. Commenting on the overall digital ecosystem, <keyword id="80658" type="PERSON" weightage="20" keywordseo="Anil-Kumar">Anil Kumar</keyword>, founder and CEO of RedSeer, said, “Over the last one decade, entrepreneurs have dedicated themselves to solve for the specific needs and pain areas of Indian consumers. Today, 50% + customers say they use online services because of convenience. Few years back almost 70% + used to say the key reason is discounting but with the hit of Covid, digital services have undoubtedly served the customers very well, which is evident in high customer satisfaction and customers willingness to keep using the digital as a key channel to fulfill their needs. The next wave of entrepreneurs will create innovations which will make the Indian model successful globally.” India to become 3rd largest online retail market by CY30 Online retail is set to become the third-largest online retail market by scale by CY30 with an annual gross merchandise value (GMV) of $55 billion in CY21 and $350 billion in CY30, said RedSeer at its flagship event Ground Zero 5.0, according to reports released by homegrown consulting firm RedSeer at their flagship event Ground Zero 5.0. According to the data released by RedSeer Consulting, 88% of the online shoppers that will be added between 2020-2030 will be from Tier 2+ cities. Further, $&gt;7 billion cumulative incremental online retail transactions to be added from Tier 2+ city customers over CY 20-30 while easily more than $~150 billion cumulative incremental online retail GMV to be added from Tier 2+ city customers over CY 20-30. The adoption factors that will drive the growth for the next few years are: <ul><li>Companies have started to focus on tier 2 cities</li><li>Growing online spends by 'Digital Natives' and supply-side innovations</li><li>COVID-19 has caused an inflection in e-commerce penetration across city tiers</li><li>Lowering costs of servicing tier-II and other smaller cities </li></ul>Additionally, kiranas are expected to achieve approximately achieve a $1.5 trillion sales by CY30. The growth will be driven by: <ul><li>Platforms that are enabling these kiranas technologically and digitally</li><li>Cashless payments</li><li>Book Keeping and EB2B offerings</li></ul>New-Age Logistics players created an opportunity of 500,000 employment for gig workers in 2020 E-Logistics in India has become the fastest growing market globally with over 3 billion shipments in 2020. India traditionally had an inefficient supply chain with a slow and undemocratic access. Today ~ 90%+ of the orders fulfilled by the online commerce get done by the <keyword id="11547673" type="UNKNOWN" weightage="20" keywordseo="new-age-logistics">new age logistics</keyword>, an industry which has come up only in the last one decade and has solved for the above challenges through technology and customer centric mindset. Further, three out of the top 10 logistics players in India are today the new age (e- logistics) players. The new age logistics players are expected to deliver 2.5 billion D2C shipments by 2030. With the rise of <keyword id="436047" type="COMPANY" weightage="20" keywordseo="Ecommerce">eCommerce</keyword>, the need for specialized delivery service emerged, which led to the overall growth of the logistics segment. Emergence of this sector created 500,000 employment for gig workers in 2021 across captive and 3PL. The new-age 3PL logistics players have delivered 850 million shipments in 2020. New age logistics players have reduced the average time of delivery by 2/3rd in last 7 years, have covered nearly all the pincodes across India through enabled deep tech solutions to serve the different type of customer needs and requirements like same day delivery, hyperlocal, service enabled etc. E-logistics has been fulfilling the needs of the small city customers. Increasing coverage across India and faster delivery, enabled Tier-2+ cities to account for 50%+ shoppers to Indian eCommerce by the end of 2020. Other emerging trends Other sectors in the new-age economy have also been strongly impacted by the pandemic. A number of new trends are emerging in these various sectors which will shape the ecosystem going forward. Shared mobility dips but personal mobility soars in demand According to RedSeer research, shared mobility saw a sharp decline due to the 2nd wave led lockdowns in the last two months. Although the autos segment recovered the fastest, the overall sector merely clocked 18 million rides, a drop from 113 million rides in January last year. However, while the shared mobility is dipping, personal mobility space is riding on a wave of strong traction seen since last year. While auto OEMs have responded with relevant offerings to democratize access to cars, tech platforms are also accelerating focus on digitizing the car ownership journey. Online used car transaction penetration to grow ~9x in the next ~10 years. Another category that is ripe for digital disruption is the car service &amp; repairs market which is still a highly fragmented market which faces challenges like inefficiencies, bloated pricing and poor experience for both consumers and service workshops. This segment is expected to penetrate ~15% of this highly fragmented market by CY30. With rise in digital content, advertisements see higher demand On the other hand, online content is seeing phenomenal growth leading to the overall growth of the digital ad industry as well. Digital content is emerging as the bellwether of demand creation for time spent. India, one of the largest economies, is surging ahead on content and smartphone usage. Monthly active users (MAU) have become democratised with increasing adoption of varied digital services and platforms. Further, another example of democratization is seen in an increasingly largely base of active digital content users now coming from Tier 2+ cities with the top two categories being Facebook-owned WhatsApp followed by news aggregators.

India’s Digital Economy to touch $800 billion by 2030: RedSeer

New Delhi, Jan 24 () Sanjeev Bikhchandani-led Info Edge, which owns and operates India's largest online job portal Naukri.com, has created a Rs 750 crore war chest for its maiden venture capital fund to invest in tech start-ups.
 Noida-based Info Edge on Thursday informed stock exchanges that it has set up Info Edge Venture Fund (IEVF) to invest in "tech and tech-enabled entities that provide technology to create, market and distribute innovative products and services that benefit consumers at large."
 While the filing put the contribution in the new fund at Rs 100 crore, sources in the company said what is being mentioned is just the initial amount and the planned fund size is Rs 750 crore.
 Further contributions will be made into the Fund as investment opportunities are identified, they said, adding that the company management expects internal accruals from operations will be more than adequate for this purpose.
 Info Edge, by setting up its own investment vehicle, joins the likes of home-grown technology titans Infosys and Wipro. Most other large Indian corporates have primarily preferred to invest from their respective balance sheets.
 While Wipro through its strategic investment arm Wipro Ventures has closed its second investment fund - the USD 150 million Fund-II, Infosys - that launched its Innovation Fund in 2015, has invested in multiple startups.
 On Thursday, Info Edge announced an investment of Rs 100 crore into a Category II AIF Info Edge Venture Fund sponsored by its wholly-owned subsidiary Smartweb Internet Services Ltd. This had led to some speculation that Info Edge has set up a 100 crore VC fund for investment in tech start-ups.
 Sources said Rs 100 crore was only the initial capital and the corpus was as large as Rs 750 crore.
 In the last three years, Info Edge has invested around Rs 800 crore in external start-ups, either directly or through its wholly-owned subsidiaries, and the investing activity is likely to continue at the same rate.
 The Info Edge external investing programme is widely regarded as a success by both shareholders and the start-up community.
 It has been a prolific investor in India's startup ecosystem, having backed companies, which have since then, emerged as some of the country's most richly-valued ventures, such as food delivery and restaurant recommendation company Zomato, and online insurance aggregator PolicyBazaar, both of which are in the fabled unicorn club.
 Being the first investor in unicorns like Zomato and Policybazaar, it continues to be a meaningful shareholder in them. 
 Sources said as the investing activity has grown, the company felt the need to create an AIF through which investments would be made. This investment vehicle is a preferred route for a number of reasons, they said.
 First, it would be more entrepreneur-friendly from a compliance, regulatory and angel tax perspective. Second, it would bring increased rigour and discipline into the Company's investment strategy. Third, it would bring more focus on the exit strategy. Fourth it would provide a structure where the company can attract and retain the best talent for VC investing through alignment of interests.
 Sources also clarified that Info Edge Ventures will focus on making financial investments into start-ups. Strategic investments into start-ups in the jobs, real estate, matrimony, and education classified space will continue to be made directly through the parent Info Edge and its subsidiaries, as will acquisitions and any follow-up investments in existing portfolio companies.
 The team managing new Investments at Info Edge Ventures will continue to manage the existing financial investment portfolio as well. And the team managing strategic investments (non-financial investments) shall remain the same as earlier. ANZ ANZ MR
MR

Info Edge's tech start-up investment coffer much larger at Rs 750 cr

<keyword id="1089889" type="ORGANIZATION" weightage="100" keywordseo="Ashoka-University">Ashoka University</keyword>, India’s first non-profit liberal arts university and Indian Institute of Management, Ahmedabad (<keyword id="79002" type="ORGANIZATION" weightage="100" keywordseo="IIMA">IIMA</keyword>), one of the top management institutes globally have joined hands to design an <keyword id="107737" type="ORGANIZATION" weightage="100" keywordseo="Entrepreneurship">entrepreneurship</keyword> curriculum to be delivered at Ashoka University. 
 
IIMA’s Centre for Innovation Incubation and Entrepreneurship (CIIE) and the Ashoka University’s Centre for Entrepreneurship (CfE) will work closely to design and teach the minor in entrepreneurship to undergraduate students at Ashoka. The tie-up emphasizes on the relevance of the merger of liberal arts and management studies to create leaders and change makers. 
 
“We are delighted to collaborate with IIMA for this minor in entrepreneurship. We are positive that this will be a holistic experience for liberal arts students who envision themselves as entrepreneurs,” said Sanjeev Bikhchandani, Founder, Ashoka University and an alumnus of IIMA. 
 
Eminent Faculty members from IIMA such as Ankur Sarin, and Mukesh Sud will deliver lectures at Ashoka University as a part of the programme. Amit Karna, Chairperson CIIE, commented, “We believe that formal education of entrepreneurship can make a huge difference in the way entrepreneurial ventures are created and run. Students from non-management or non-technical background can learn as much from it.” 
 
Priyank Narayan, Director, Centre for Entrepreneurship (CfE) at Ashoka University says, “Students at Ashoka will be exposed to different themes of entrepreneurship as a part of the programme. This partnership will bring to the forefront the inter-disciplinary nature of entrepreneurship. There will be a focus on segments like cultivating an entrepreneurial spirit, creative problem solving, social entrepreneurship, design thinking and new venture planning.” The minor in Entrepreneurship would require a student to study 6 courses in Entrepreneurship over 3 years. 
 
This programme would be the first of its kind as the visiting faculty members have a close connect with liberal studies and the public policy space. Mukesh Sud, Associate Professor in the Business Policy Area at IIMA, has earlier taught entrepreneurship at a US liberal arts college for 10 years. Ankur Sarin, an Assistant Professor at IIMA, teaches courses in Social Entrepreneurship and Public Policy.

IIM-A faculty to teach entrepreneurship at Ashoka University

Ever imagined you can manage funding for your <a href="http://www.businessinsider.in/searchresult.cms?query=start+ups">start up</a> while trekking up the <a href="http://www.businessinsider.in/A-look-at-the-picturesque-locations-of-Ramgarh-which-is-emerging-as-a-wannabe-startup-destination/articleshow/48773690.cms">Himalayas</a> or <a href="http://www.businessinsider.in/A-look-at-the-picturesque-locations-of-Ramgarh-which-is-emerging-as-a-wannabe-startup-destination/articleshow/48773690.cms">fishing in a mountain-river</a>? Well, it seems to be a reality now. A quaint hillstation in <a href="http://www.businessinsider.in/A-look-at-the-picturesque-locations-of-Ramgarh-which-is-emerging-as-a-wannabe-startup-destination/articleshow/48773690.cms">Uttarakhand</a>, Ramgarh, best known for Tagore’s stint while writing his famous Gitanjali, has suddenly evoked interest among <a href="http://www.businessinsider.in/searchresult.cms?query=angel+investors">angel investors</a>. 
 
In an aim to establish a base, a dozen of high-profile angel investors are gradually setting up a base at <a href="http://www.businessinsider.in/A-look-at-the-picturesque-locations-of-Ramgarh-which-is-emerging-as-a-wannabe-startup-destination/articleshow/48773690.cms">Ramgarh</a>. Being off beat, this place is a bliss of solitude, where leisure tourists from all over the country frequent to watch birds and admire the snow-capped peaks of the <a href="http://www.businessinsider.in/searchresult.cms?query=Himalayas">Himalayas</a>. 
Pramod Bhasin, Raman Roy and Saurabh Srivastava, who are among the pioneers of business process outsourcing and IT industry in the country, have come together with some like-minded IT stalwarts including Sanjeev Bikhchandani of Info Edge, Ashish Dhawan, cofounder of ChrysCapital and Ashoka University; and, Pune Bhatia, <a href="http://www.businessinsider.in/A-look-at-the-picturesque-locations-of-Ramgarh-which-is-emerging-as-a-wannabe-startup-destination/articleshow/48773690.cms">country head at TPG Capital India</a>, to develop a private estate spread over 10 acres in the Kumaon hill town. 
 
Since most of them are active angel investors based in Delhi with a sizeable clutch of companies under their belt, some now want to make Ramgarh an adda for startups as it offers a relaxed environment to check out the tens of investment pitches they get every day. 
"Since we have started to go there more regularly, we could spend some time with these companies and afford to have long chats about their propositions - a rarity in Delhi," said Srivastava, who helped start tech firms like IIS Infotech, which was renamed Xansa and later acquired by Steria. 
 
Srivastava, who has invested in about 55 companies including Stayzilla and Dhruva, is also organising investor meets or startup investment sessions in Ramgarh apart from cultural events such as Sufi music festivals. The estate, which has just over a dozen or so cottages, is private, exclusive and structured in a manner that no one can sell out without the permission of the others. 
 
Spotted initially by Srivastava,<a href="http://www.businessinsider.in/A-look-at-the-picturesque-locations-of-Ramgarh-which-is-emerging-as-a-wannabe-startup-destination/articleshow/48773690.cms"> Mohit Goyal</a>, cofounder of Indian Angel Network, and conservation and landscape architect Sujata Kohli, the land on a hillock was purchased seven years ago under a cooperative and it took almost five years to build. Kohli landscaped the entire hillock where there are no boundary walls between homes and all cottages have the same architecture. "We didn't want any Spanish or Greek villas therefore we have used local material so that the place merges with the surroundings," said Kohli who is now working on a water harvesting unit for the area to make it self-sufficient and is also an investor in the project. 
 
<a href="http://www.businessinsider.in/A-look-at-the-picturesque-locations-of-Ramgarh-which-is-emerging-as-a-wannabe-startup-destination/articleshow/48773690.cms">Vikas Srivastava</a>, a partner with Luthra &amp; Luthra law firm and a member of the group, said there is camaraderie within the group and they are taking every step to ensure that only likeminded people are there. 
 
"We are all part of the same ecosystem with aligned interests; mostly everyone is from the tech background and...entrepreneurship," said Bhasin. Their interest in malts, whisky and <a href="http://www.businessinsider.in/A-look-at-the-picturesque-locations-of-Ramgarh-which-is-emerging-as-a-wannabe-startup-destination/articleshow/48773690.cms">food</a> act as catalyst in promoting start ups and enjoying the leisure. 
 
<a href="http://www.businessinsider.in/A-look-at-the-picturesque-locations-of-Ramgarh-which-is-emerging-as-a-wannabe-startup-destination/articleshow/48773690.cms">Also Read: A look at the picturesque locations of Ramgarh, which is emerging as a wannabe startup destination</a>

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