After months of speculation and waiting Naukri.com finally and officially announced that it its going public . it has submited its IPO filing with sebi . you can read it here .
Althoug timing is a little odd but still this is really an exciting news for Internet Business in India . Sanjeev has proved that Internet business can make money and to be profitable you don’t really need to have an worldwide audience to serve . you can do it by serving the need to domestic customers also .
i had the opportunity to meet Hitesh and Sanjeev Twice . if anyone deserve this honour than it is this team. i can foresee a Mad rush to invest in all the dot com .can we say that dot com boom 2 has finally started in India . i think now VCs will start looking at companies beyond Travel portals
Critical Q is what will they do with all the money they are raising ? there are two option which easily comes to mind 1) they will start expanding their operations overseas but honestly this doesn’t require a lot of cash they can easily leverage their “Word Of mouth ” Credentials . second is to diversify in other vertical . with jeevansaathi.com & 99acres.com in their stable this seems to be a logical step. I personally feel that 99acres is a good place to focus . in my last assignment at WebPlains (a great company BTW ) i have worked as a salesman in Staffing /recruitment domain . i have seen the clout of Naukri firsthand ( w.r.t to bixee and green hire episode ) .
and with whatever little exposure i have to real estate market i can safely say that stage is all set for infoedge to capture this market . with Naukri going public i think 99acres can get all the attention it deserve and Team infoedge should stop treating it as a step child .coming months will be interesting to watch the action .