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

• mridul@solmri.com

• facebook.com/solmri

• +91-9755576707

Thanks