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Topic : Where VC's are venturing in India?
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Is India the ideal place for Online & Mobile Entrepreneurs?

Created by : Veena Gupta, Analyst, Blackstone Group  | 08 04 2009 10:53:26 +0000
Industry : Hedge Funds/VCs/Private EquityFunctional Area : India(Markets)
Keywords : india internet mobile online start ups online entrepreneurs mobile entrepreneurs mobile enterepreneurs
Activity:  222 views;  last activity : 07 06 2010 20:18:09 +0000

With India being touted as the next super power, it is seen that India is the preferred destination for everybody, and people are talking like India, China and other Asian countries will revive the economy from the recession, but when it comes to some thing with online people have doubts, as internet penetration in India is very low according to the reports, and even in mobile its the same case.

As there are many professionals who are out there would like to know whether India is the ideal place for Online and Mobile entrepreneurs, and also would like to know the reason for their answer..thanks

  
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Top Argument
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As Mr. Viktor setted a good example of growing demand of technology among bank users. I want to say that if Indians are on same speed adopting the internet as business platform as now than that day is not so far when indian start farming on the net. I think it will take time for entering in sub urban and rural areas where our actual india lives...Anyways I hope for the best of best for india's wellness and growth.
By !manpreet $ingh, Management Trainee, PageTraffic  08 04 2009 13:39:04 +0000
 
Top Argument
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From my side its a No,  it is said that  Indian internet penetration rate is 3% only, and a total userbase at 25 million. And in India most of the internet users are from urban population, but then Urban population is around 27% of the whole population according to the latest census report. And with the TRAI figures the broadband subscribers are at 2 million, So with these figures it gives enough for VC’s not to invest in the Indian consumer Internet space in the current situation, in future though India looks a great prospect if everything I mean the work regarding this happens in a good speed.
By Veena Gupta, Analyst, Blackstone Group  08 04 2009 11:03:24 +0000
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Yes India do have the potential like when mobile services were launched few years back and now today there is a big difference in the quality and features. Except for few there was no one to provide the services but today we have many options and every company is trying to cover the maximum area of operations and provide better service and now every second person is holding a cell phone in hand and every 4th person is aware of internet or using some services. So I think it's very much possible.
By B.Mehernath , Marketing & Technical Head, Bondit Construction Chemicals Pvt. Ltd.  | 08 07 2009 14:16:00 +0000
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I think yes, with such a large population with majority of them being youths, India comes among the top 10 countries with Internet users and Mobile phone users. In this condition, it is very good opportunity of online and mobile entrepreneurs doing business, as they can get lot of customers here.
By Radha Sundaram, Sales/BD Manager, Bharti Airtel  | 08 07 2009 12:46:29 +0000
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Mobile penetration is still in its infancy in India and it is still only the voice communication (till recently) and SMS (off late) that are leading the way. We are yet to see the growth interms of the data transfer (3G - recently introduced). This when it happens, will lead to picture based communication (to avoid the hassles of literacy- in India we are atill only 60% literate) which will translate into high amount of entreprenurs who will be mobile, as they can program stuff immediately and launch it. Though this is far fetched, I think we should see the light of it in a 5 years max.
By Narendran Subramaniam, Head of Business Process Reengineering, GoAir India Pvt. Ltd  | 08 07 2009 06:40:19 +0000
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Manpreet, I don't know about farming on the internet but in Malaysia, Africa and China, mobile companies are using this feature to let users transfer small amounts of money to their family. Same can be replicated in rural India or Bharat.


By Viktor Stephen, COO, I Entrepreneur  | 08 04 2009 18:14:55 +0000
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There's a lot going on in the field of mobile payments. Recently Western Union and the GSM Association started work to develop a cross-border money-transfer service that would work in any country with a GSM network. Together, the two companies are building the technology that would allow customers to transfer funds with their mobile phones. Over 35 GSMA operators in over 100 counties will be enrolled in the program, so you’ll be able to get your shop on no matter where you are.

If you have a unique idea that solves an existing problem, there's place at the high table for you. Welcome!
By Viktor Stephen, COO, I Entrepreneur  | 08 04 2009 12:43:25 +0000
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yes u r right vineeta.. use of net and mobile evn now is very much restricted with urban population when compare to rural .. various department those are backbone to our economy eventhough are well wquipped with the facilities but actual benificiearies are still unaware with any of its benifits they are as usual implementing the  old and traditional  methods...

but all these advancement are welcomed any ways...
By varsha , Head/VP/GM-Quality, frac  | 08 04 2009 18:22:15 +0000
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There is HUGE potential.

Question is are we geared INFRASTRUCTURALLY for such high end, high use businesses??? Even today there are electricity cuts in our top B+ developing towns. How will businesses survive when they have to run on inverters and GENSETS??? I have my doubts. Starting a business through online usage linked to mobiles is not only innovative but convenient too. If the business is going to encounter constant nags and snags... It is a pity that we cannot really be equal in distribution and usage of a simple basic necessity like electricity yet!! 
By Makrand Bhave, Marketing & MICE, WIZCRAFT International  | 08 04 2009 17:04:35 +0000
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not now,I shall give some examples,I had been to my bank yesterday but due to their link failure neither deposit nor updating of passbook could be done,

similarly for railway and flight booking through internet because of link failure I had to travel next day,
By SB DIKSHIT, STATE QUALITY MONITOR, U.P.R.R.D.A  | 08 04 2009 14:42:10 +0000
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I have thought of it for quite some time.  In fact, I have discovered after eight years of research, a way to reverse the human ageing process or at least to delay it.  My treatment does not involve medicines and is non-invasive.  I could easily advise patients online.  I would then have a worldwide audience also.

Still I have a doubt at the back of my mind...

I am not sure I could take a sure step forward, if I focus on online entrepreneurship instead of a regular approach.

I am therefore striving to make an entry in a world dominated by professional ego rather than human welfare! 


By SR Sham Sunder, CEO/MD/Director Technoaid  | 08 04 2009 12:24:13 +0000
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