India Startup Report - Why to launch a tech startup in India?

1. India Startup Report
Why to setup an internet company in India?
Mridul Singhai
February, 2012

2. Why India?
India is one of the fastest growing
countries of the world.
We have a huge, continuously growing
market.

3. 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

4. An interesting fact

5. Many technology companies
$16 billion $8 billion $8 billion
Telecommunications IT Services & Consulting IT Services & Consulting
But,

6. No (big) Internet Companies

7. Why?

8. 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.

9. Viral Marketing is a new thing in
India

10. The Internet Bubble
is about to be blown

11. When are you coming?

12. 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.

13. Contact Me
• msinghai.com - Weblog
• solmri.com – My Company
• mridul@solmri.com
• facebook.com/solmri
• +91-9755576707

14. Thanks