Download - Indian Startup Report
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