Baazee.com Founder Avnish Bajaj On Yo!China

27:20 | Kamla Bhatt | Dec 14th, 2006 2:13pm |

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.

Click here for transcript.