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We don’t want founders who want to sell secondary, Says Bikhchandani of Info Edge

Inc42 LogoInc422 mo ago

We don’t want founders who want to sell secondary, Says Bikhchandani of Info Edge - Inc42

Quick Summary:

However, a few netizens did question him on these investments and his theory on the secondary sale.

Secondaries here refer to the sale of existing shares by the shareholder (in this case the founder) to gain liquidity.

Bikhchandani also quoted names of Info Edge’s portfolio companies – Zomato and Policy Bazaar – as an example to be patient and persistent as investors.


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Article Details

Author / Journalist: Meha Agarwal

Category: Startups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-01 @ 02:00:45 (2 months ago)

News Timezone: GMT +5:00

Ranking: #2091 (out of 6380 stories this day)

News Source URL: inc42.com

Language: English

Article Length: 477 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Inc42

News ID: 2070642

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About Inc42

Inc42 Logo

Main Topics: StartupsBusiness

Official Website: inc42.com

Update Frequency: 7 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #52

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