tag:blogger.com,1999:blog-9276397.post115087292934469407..comments2024-02-25T19:41:47.843-08:00Comments on Know Prashant : Naukri IPOPrashant Singhhttp://www.blogger.com/profile/10079032946958487411noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9276397.post-1150967087466534982006-06-22T02:04:00.000-07:002006-06-22T02:04:00.000-07:00Hi AmitI agree with you that Naukri deserves an ap...Hi Amit<BR/><BR/>I agree with you that Naukri deserves an applause for creating a "Proof Of Concept" example that Dotcom specially in India are not just me too vaporware . First they showed courage to make a stable business in this niche and than they set an example by not being sold out to guerrilla like their nearest Competitor .<BR/><BR/>Incidentally I was at the TiE meeting where KPCB announced their investment in Naukri.com . Many wondered the rational of off loading Equity by founders just before IPO but now it looks like a smart move and a win win deal for Both Naukri ad KPCB .<BR/><BR/>Apart from the Timing (wrt recent meltdown in stock market ) everything seems to be perfect for their IPO . but who knows there might be a big idea behind the timing factor also<BR/>i am keeping my fingers crossed .. and planning to invest in Naukri :-)Prashant Singhhttps://www.blogger.com/profile/10079032946958487411noreply@blogger.comtag:blogger.com,1999:blog-9276397.post-1150962474818603792006-06-22T00:47:00.000-07:002006-06-22T00:47:00.000-07:00Prashnat,Glad to know you are blogging about India...Prashnat,<BR/><BR/>Glad to know you are blogging about Indian dotcom IPOs.<BR/><BR/>I also hold naukri.com in huge respect because they were probably the first Indian dotcom to have a viable business model. <BR/><BR/>On a diff note, naukri, apart from this IPO, also raised money (5 million USD , i think )through VC funding ; remember reading Sanjeev B's interview where he said he didn't do it for the money but because he wanted to learn from the experinec of international VCs.<BR/><BR/>But with IPO, they surely need money; probably for 99acres, as you point outAnonymousnoreply@blogger.com