Baazee.com Founder Avnish Bajaj On Yo!China
27:20 | 
Food and entertainment are two strong consumer markets in India and Matrix Partners India appears to have honed in on this burgeoning market. Chinese food is the second most popular cuisine in India and recently Yo!China, a Chinese restaurant chain, received $10 million in funding from Matrix Partners India.
Avnish Bajaj, who sits on the board of Yo!China, discusses the investment strategy of Matrix Partners in India and their investment in Yo!China.
What does he have to say about the food industry and the high failure rate that is endemic to this industry?
As an entrepreneur-turned-venture-capitalist, Avnish has an interesting perspective on what it takes to run a business in India. Times have definitely changed in the last six years and the environment is more conducive to entrepreneurs and start-ups in India. He sees many opportunities in the consumer market segment in India.
Avnish co-founded Baazee, India’s largest online auction company, later acquired by eBay. He now serves as the chairman of eBay India.
Avnish sits on the board of Cleartrip. He is an angel investor and advisor to Pangea3, Pinstorm and Indus Biotech.
Tags: Matrix Partners India, Yo!China, Avnish Bajaj, Baazee, eBay India, Cleartrip, Pangea3, Pinstorm, Indus Biotech
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Copyright ©2008 PodTech.net. All rights reserved. Modified: Wed, 20 Aug 2008 07:36:46 -0700
January 12th, 2007 at 10:10 pm
[…] January 13th, 2007 A fast rising chain of chinese food restaurants in India. They got some VC funding recently. Hear more about Yo-china on the podcast at IndiaTech. […]
July 24th, 2007 at 2:01 am
[…] I recollect Vishal Gondal of India Games pointing out the struggle they had initially in getting people to work for his startup. Avnish Bajaj of Matrix Partners outlined how difficult it was for them to find office space. Realtors were loathe to rent them space since they did not know how startups work. He pointed out that it was not easy starting a company in Mumbai, especially after having spent time working in the US. […]
July 25th, 2007 at 12:29 am
[…] I recollect Vishal Gondal of India Games pointing out the struggle they had initially in getting people to work for his startup. Avnish Bajaj of Matrix Partners outlined how difficult it was for them to find office space. Realtors were loathe to rent them space since they did not know how startups work. He pointed out that it was not easy starting a company in Mumbai, especially after having spent time working in the US. […]
September 5th, 2007 at 12:51 pm
[…] The startup received an undisclosed amount of funding from Matrix Partners, and Avnish Bajaj of Matrix sits on their board. […]