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No change in private market valuations yet, might take 6 months to correct: Info Edge’s Sanjeev Bikhchandani

Speaking to analysts on Monday after the company’s results announcement on January 28, Bikhchandani said, “The space (private markets) remains as busy as earlier. There have been statements made by Sequoia, Softbank and Tiger that private valuations are going to be corrected. But we haven’t seen evidence on the ground just yet when we go and talk to companies and compete.”

January 31, 2022 / 09:02 PM IST
Info Edge founder Sanjeev Bikhchandani

Info Edge founder Sanjeev Bikhchandani

There has been no change in the private market valuation as yet and might take six to eight months, after public market correction, said Info Edge founder and executive vice chairman, Sanjeev Bikhchandani.

Speaking to analysts on Monday after the company’s results announcement on January 28, Bikhchandani said, “The space (private markets) remains as busy as earlier. There have been statements made by Sequoia, Softbank and Tiger that private valuations are going to correct. But we haven’t seen evidence on the ground just yet when we go and talks to companies and compete.”

He explained that there are a couple of things that need to be taken into consideration.

If there is a committed pool for capital in private markets in India, their mandate is to go to private markets.