Avnish Bajaj is a rare venture capital investor to have also successfully built and sold a consumer internet business in India. He cofounded online marketplace Baazee in 2002 and sold it two years later to eBay for $55 million.

The Harvard MBA then served as a country manager for eBay India before he established Matrix Partners India in 2006, going on to invest in some of India's most successful consumer internet companies including Ola, Quikr and Practo.

"Happy to get the ET 'Midas Touch Award' in the middle of a fear cycle in tech-investing right after the greed cycle last year," Bajaj said. "We call our investing philosophy 'Founders First,' so I accept this on behalf of all the rock star founders in the ecosystem."

As an investor, Bajaj was initially not convinced about the scope of the internet market in India and put money in sectors like healthcare. Bajaj, however, did back Quikr during this period..............Read more

Source: The Economic Times