Internet cannot be ignored with more than 20 million users online.
Another opportunity that has come up in India is mobile. In India, there are close to 100 million mobile users. This is the time companies have to be built in the value added space. There are several companies in China that have made it big in mobile and internet. So naturally the companies who have survived the crash stand in good stead to cash in on this opportunity. Some of them have built a brandname, a market, the proof of concept, revenues, and a good management team. We have looked at all companies that have been formed (in the last five or six years) before finally we made the investment.
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.