Roundup of best news from Internet industry in India

Written by: Madhur

On Oct 9th, 2006

As the About section of this blog says, the aim of this blog is to provide news and analysis of the latest happenings in the industry, I realized I have been mostly doing the second part i.e. “analysis” more than the “news” part. From today I am going to start publishing top news in “weekly digest” format. Once every week, there will be roundup from last week on the latest and the greatest happenings in the industry. And then there will be regular “analysis” type posts commenting and speculating on the consequences of the happenings. I think this should provide the readers with a good overall grip on whats going on right now and whats coming in the future. In addition to this, I will also keep updating the Resources section which will be sort of a one-stop shop for looking up info about the current companies and startups. Please comment what you feel about this format and if you would rather like to see something else or in some other format.

Alright without any further ado, here’s the buzz from last week:

BusinessWeek has an excellent article on the resurgence of tech entrepreneurs in India
in its last week’s issue. It comments on how the number of startups springing up is increasing every day since the last dot com bust. And why will this not happen when all the top VCs from Silicon Valley and other places are lining up to fund the best of the best companies. The article goes on to give examples of a lot of new startups and in the end also cautions that we need to invest more in research in academia and produce at least one big winner (e.g. Skype) to keep the party going. Read the full article here [free registration reqd].

Interesting war of words between MonsterIndia and Naukri. MonsterIndia president claims in a interview with BusinessStandard that they are bigger than Naukri based on certain figures. Naukri responds back saying how those numbers do not exactly mean that.

ContentSutra reports MakeMyTrip raises $10-$15 million in funding from Helion ventures, Sierra and SAIF partners. Once again proves how hot is online travel segment getting. Check out the resources section – in travel sector we’ve got all the big VC’s, including Sequoia, KPCB, Norwest, Reliance cap, etc.

More VC money flowing in. Web18 group (moneycontrol.com, commoditiescontrol.com, cricketnext.com, compareindia.com, jobstreet.com, yatra.com, tech2.com has raised $10 million from Tracer Capital.

MIH India launches a new social networking portal called ibibo. This is another sector that has just too many players (check out the complete list here). It will be interesting to see who emerges as India’s MySpace and Facebook.

Rediff has an interview with Mahesh Murthy, entrepreneur and CEO of Pinstorm. He talks about entrepreneurship, search marketing and growth of Internet in India.

Sphere: Related Content

Entry Filed under: news

2 Responses

  1. 1. vivek garg said on October 10th, 2006 at 6:38 am

    as for the social networking game in india I belive Orkut is already quite big. I can personally feel it growing. Each of my Orkut contacts have 500+ scraps and they are using scraps for networking in a big way. Most of the people I know in India are already on Orkut. Its interesting to see why certain social networking solutions work in ceratin geography. Orkut is big in Brazil already but did not pick up in USA. What makes these product attactive to one market and not to other?

  2. 2. Madhur said on October 10th, 2006 at 5:26 pm

    My take on the question is as follows:
    Social networking is a highly culture driven phenomenon. MySpace launched in the US in 2003 and within months it had already attracted millions of users and music bands, etc. Also initially they limited their registrations to US based users. As a result it really caught on with the US users (you hangout in a place your friends do and your friends do the same and so on). Not to mention that MySpace had loads of more features and was much more hip and cool. In the meantime for other country users, options were Friendster and Orkut and somehow Orkut became more popular there. There is an excellent case study of MySpace at http://www.startup-review.com/blog/myspace-case-study-not-a-purely-viral-start.php

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