United Press International has an article on the return of interest in Internet-based services companies – aka “dotcoms” – in India.
“India is particularly appealing for a number of reasons, such as being forecasted to be the world’s largest economy by mid-century, GDP growth of 8 percent, world-class companies and talent in offshore technology services,” Arora (Manik Arora of Battery Ventures) says. “The Internet/enabled consumer services opportunity in India is particularly promising given the emergence of a middle-class with purchasing power and increased Internet connectivity,” he added.
Arun Natarajan is the Founder of Venture Intelligence India, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of Venture Intelligence India newsletters and reports.
With so much success stories of India in the world of technology, still the number of Internet users in India is very insignificant. However, the number of INternet users in India is increasing very rapidly and that is why dotcom ventures will become very successful.