India Startup ReportWhy to setup an internet company in India? Mridul Singhai February, 2012
Why India?India is one of the fastest growingcountries of the world.We have a huge, continuously growingmarket.
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
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.
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.