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

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Inc42 2 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.