“We were actually solo for the first four rounds. Not first, first four rounds. Fifth round when Sequoia came in.”
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More from Sanjeev Bikhchandani
Insight
Bikhchandani: Early-stage investors contribute at most a two percent difference to success
“The secret of early stage investing is actually to invest behind founders and teams and companies that are going to succeed anyway. Maybe we made two percent difference. But you've got to be humble enough, enough to recognize that.”
Sanjeev BikhchandaniAug 4, 2025▶ 36:12From $4.5M for 49% to $700M In The Bank at IPO: Sanjeev & Yashish On 17 Years Of Policybazaar
Disclosure
Bikhchandani: Info Edge will never exercise a board veto unless illegal
“There is no way we're going to exercise a veto on the board, even though we have the right to do it as per the agreement, because, you know, ultimately you have to let it be the founder's call. See, unless there's something that's blatantly wrong or illegal yo…”
Sanjeev BikhchandaniAug 4, 2025▶ 37:51From $4.5M for 49% to $700M In The Bank at IPO: Sanjeev & Yashish On 17 Years Of Policybazaar
Insight
Traditional TAM Calculations Fail When Industries Are Actively Being Restructured
“What I'm saying is that when new markets have been created when industry is being restructured, what you thought was TAM may not be the TAM.”
Sanjeev BikhchandaniJul 14, 2023▶ 47:05Sanjeev Bikhchandani on Finding Zomato & Taking the First Tech Company in India to IPO
Insight
Bikhchandani: Strategic Acquisitions in India Rarely Deliver VC-Level Returns
“You know, if you look at
Strategic sales.
And you leave out Flipkart, they typically don't give you the kind of return that a VC investor would expect and hope for.”
Sanjeev BikhchandaniJul 14, 2023▶ 51:21Sanjeev Bikhchandani on Finding Zomato & Taking the First Tech Company in India to IPO
Insight
Bikhchandani: Public Markets Will Not Tolerate Startup Losses Beyond Two Years
“Now, as a loss making company go public, you better be sure that you're going to be making a profit in one or two years after you go public. No, I don't think public markets are willing to tolerate losses over five years, seven years further.”
Sanjeev BikhchandaniJul 14, 2023▶ 55:48Sanjeev Bikhchandani on Finding Zomato & Taking the First Tech Company in India to IPO
Insight
Early-stage investing is backing founders who will succeed anyway
“So you see, you, the secret of early stage investing is actually to invest behind founders and teams and companies that are going to succeed anyway. Maybe we made two percent difference. But you've got to be humble enough, enough to recognize that.”
Sanjeev BikhchandaniDec 30, 2025▶ 21:48Best of 3500 Minutes from Top Founders & Investors in 2025
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