The job he does is to help people get jobs. The career he chose was to help others build careers. And in the process he has built an empire with valuation of over $1.7 billion. Here is a man whose is a classic story of spotting an opportunity and chasing it with guts, determination, lots of hard work and little bit of luck. Naukri.com is India’s number one job portal founded by Sanjeev Bikhchandani.
Sanjeev is a graduate in Economics from St. Stephens College, Delhi University and then did his masters from IIM, Ahmedabad. In 1990 he quit his comfortable marketing job at GlaxoSmithKline and went on to set up his own company. He launched Naukri.com from a servant's quarter at his father’s house in Delhi. His passion for entrepreneurship and running his own business led him from earning no salary for over six years, to running a 6,000 crores company, Bikhchandani has done it all.
He grew up in a regular middle class family with no business background. But he always knew he had to start out on his own at some point. So he started out early and the first 10 years of running the business was the most difficult but he kept at it without losing hope and without giving up. And ten years after he launched his company, Naukri became the first internet company to be listed on the Indian Stock Exchange. Beyond his ability to generate sales, raise venture capital, attract and hire talent or deliver on product innovations, his longevity and ability to stay in business through the dotcom bust and tackle downturns in the economy is what stands out. Apart from Naukri.com, he has also built other successful internet businesses - 99acres.com and Jeevansaathi.com within InfoEdge (the parent company of Naukri, 99acres and Jeevansaathi).
Bikhchandani is not just a builder but a funder as well. He has funded in successful startups like Zomato and BankBazaar.com. His strategy is to find early stage startups and fund and mentor them to success. InfoEdge owns 50% in Zomato and 23% in BankBazaar.com. Why did he chose this model? "We (Info Edge) have surplus cash. There are plenty of opportunities out there which smart entrepreneurs are chasing. We can't do everything in-house so we back entrepreneurs who are chasing good ideas and hopefully end up creating value for our shareholders," he says. For Indian investors, investing in Info Edge is one way to participate in the country's booming consumer internet story.
A true pioneer and believer of the internet business in India. In his own words, "We have only one life, there's no point wasting it living someone else's dream. One should manage risks, get experience and make transitions when necessary. But stay focused on your dreams and passion."
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