Anand: ValueEdge shortlisted five serious bidders from forty potential acquirers
Rohit Anand · How He Sold His BOOTSTRAPPED BUSINESS For $20 MILLION! ft. Founder of 1DigitalStack, Rohit Anand · Mar 21, 2022 · at 24:07
Rohit Anand recounts the funnel metrics and outreach process managed by advisors during ValueEdge's sale to WNS in 2016.
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“I recall we identified something like, fuck the possible you know, acquirers. And you know, given that we were in the life sciences domain analytics domain, I mean, that, 40 is the reasonable number. And then they ran the sort of teaser, right? And I remember vaguely that it was something like about 12, 13 companies who were interested post teaser, right? Where then we sent the end, then they sent the NDA on our behalf, signed the NDAs, and then shared the information memorandum. So information memorandum was seen by 12, 13 out of a pool of 40. And then they shortlisted that to maybe five odd companies that wanted to get into a more serious deep dive.”
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