Alok Mittal of Canaan Partners (Right)
Communication, Entertainment and Information would be his order of preference among services in the mobile sector, Mittal said. Pointing out that the sheer number of communication applications on the mobile platform was very limited compared to the Internet – including in terms of group communication, publishing, etc - Mittal said there was plenty of scope for entrepreneurs to come up with innovative products and services in this area. As a firm, Canaan would look more favorably at platform-oriented companies rather than those dependent on a single application.
Arun Natarajan is the Founder & CEO of Venture Intelligence, the leading provider of information and networking services to the private equity and venture capital ecosystem in India. View free samples of Venture Intelligence newsletters and reports.