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In this captivating episode of "Konversation with Kushal," I sit down with Mr. Sanjeev Bikhchandani, the visionary founder and executive vice chairman of Info Edge, the company behind Naukri.com, jeevansathi.com, 99acres.com, and more.
His story is a testament to resilience and strategic thinking. Sanjeev worked 16-17 hours a day, 7 days a week, during Naukri's early days, and went without a salary while building his business for 6 years, the result of which we see in the empire he has built today.
Explore why he chose St. Stephen's College over IIT and later joined IIM Ahmedabad, rejecting IIM Calcutta. Gain valuable perspectives on work-life integration versus balance, and the true importance of grades.
Uncover his approach to investing in successful ventures like Zomato and PolicyBazaar, and what is the key mantra he uses to decide whether to invest in a startup or not.
This episode is packed with insights and experiences that will inspire entrepreneurs and anyone aiming to achieve great things in life. Don't miss out on this enriching conversation!
Timestamps:
00:00 Introduction & Initial Thoughts
01:28 Do good grades matter?
05:19 Why Sanjeev chose St. Stephens over IIT Delhi?
14:26 Life at St. Stephens
16:02 Why work experience prior to an MBA is important?
19:14 Sanjeev's decision-making framework
21:00 First salary & work experience at Lintas
25:47 Why having tough bosses is important?
27:01 Decision to go for an MBA at IIM-Ahmedabad
28:24 Experience at IIM-Ahmedabad
33:33 Why Sanjeev did not sit for campus placements at IIM-A
38:07 Incident which led to the founding of InfoEdge
42:37 Salary post MBA
44:27 Decision to take a plunge into entrepreneurship
54:55 Sanjeev's stint in teaching post quitting his job
01:01:12 Business learnings prior to Naukri.com
01:02:43 Advice to youth regarding work life balance & startup working hours
01:03:56 Getting prime time ad space for Naukri.com during the Olympics
01:09:07 The idea behind Naukri.com & its funding journey
01:12:28 How Naukri.com grew
01:21:08 Why companies are formed on 01st April?
01:22:21 Sanjeev's views on Hitesh Oberoi & how they grew the sales team at Naukri.com
01:28:22 Why Sanjeev did not want to list abroad?
01:31:15 Government transitions & start-ups!
01:33:44 How Sanjeev decides to fund start-ups & founder-investor conflicts
01:36:53 Why Sanjeev decided not to invest in Ola, Lenskart & Flipkart?
01:38:42 Why Sanjeev used to not invest in the stock market?
01:42:42 Founding Ashoka University
01:48:26 Typical day in a Billionaire's life
01:49:42 Closing Thoughts
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