India Startup ReportWhy to setup an internet company in India?
February, 2012
Mridul Singhai
Why India?
India is one of the fastest growing
countries of the world.
We have a huge, continuously
growing market.
Market Size – Extremely Huge
• 1.21 billion population (28% Urban)
• 52 million regular, active internet
users
• 16 hours/week spent by an average
user
• 873 million mobile users, millions
added per month
• 8% growth rate in GDP
Internet users growth
An interesting fact
Many technology companies
$16 billionTelecommunications
$8 billionIT Services & Consulting
$8 billionIT Services & Consulting
But,
No (big) Internet Companies
Why?
Indians do not spend on digital goods
• Most of the Indians (except Large/Medium Businesses) use pirated copies of software & operating systems.
• No one likes to pay large sums for games, apps or pretty much anything digital.
• The only digital services which sell are cell phone based stuff, like ringtones, caller-tunes and wallpapers.
Viral Marketing is a new thing in India
The Internet Bubble
is about to be blown
When are you coming?
About Me
• Founded Solmritech, a micro-payments service in
2009
• Active in Indian startup scene (in stealth mode) for
more than four years.
• Thinks that he knows how to program machines,
manage teams and make wealth.
• Grade 10 student & avid coder.
Contact Me
• msinghai.com - Weblog
• solmri.com – My Company
• facebook.com/solmri
• +91-9755576707
Thanks
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