Avnish Bajaj of Matrix Partners India
There is more opportunity for utilitarian applications in the Indian context than self-actualization ones, Bajaj added. Pointing to the success of the Indian Railways’ online ticket booking service, he said as long as there are compelling enough applications, companies can build significant businesses by serving consumers who would pay even small amounts like Rs.50 a month.
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.