Shaadi.com owner set for equity play

Quotes

1. “ There is no desperate need to raise capital. We can fund our existing growth through internal accruals. The real reasons to list would be to provide liquidity. We have decided to list in India since issues of Onmobile, Info Edge, and Geodesic have proved that there is appetite for such papers. ”

   By Anupam Mittal

2. “ An internet company doesn't have to be present in all sectors. There are opportunities like in education, jobs, auto, travel, etc but, over the 12-18 months, we don't see ourselves entering those space. In jobs, there are a 4-5 strong players and till we are certain we can bring a differentiated strategy and dominate a certain niche segment of the market, we won't enter that space. ”

Entities Mentioned

• Sequoia Capital
• Rediff
• Mauj Telecom
• People Infocom
• People Group
• Info Edge India
• Anupam Mittal
• People Interactive
• Infocom

1. During the IPO, Sequoia Capital, which has invested $8 million for a 20% stake in People Interactive, is expected pare its stake. Sequoia has also invested ... (Read Full Article)
   
   

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