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“We may go below 50% stake in Zomato’s next round of funding”: Info Edge’s Bikhchandani

Info Edge, which has majority share holding in restaurant listings and food delivery startup Zomato, may consider bringing its stake below 50% in the company in the next major round of funding. Answering a query from analysts, InfoEdge founder and vice chairman Sanjeev Bikhchandani said that the company is unlikely to invest in Zomato alone but may consider participation with other investors in its next round of funding. During the quarter, Info Edge invested Rs 152 crore in Zomato to maintain its stake at 50.1%. "Given the size of our balance sheet and given our priorities in investing in 99acres, it would be difficult for us to give these companies all the money they need," Bikhchandani said. "We will support our companies, but it is unlikely that we will be doing it alone. And therefore, in Zomato, I have said…

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