Here are some important news from the Indian technology business scene
1. SMSSupshup receives 5th round of funding - Taking the total funding to $47 m, Investors seem confident of a long term game in the SMS / messaging market. This round was led by Tenaya capital along with existing investors. The advertisers lining up to SMS gup shup is impressive - Microsoft, Kingfsher and more. It would be interesting to see whether a pure play SMS company can derive returns in the future as data plans become very affordable in India.
2. NDTV partners with InMobi's to handle Mobile advertising - InMobi has bagged a good deal to be the front agency for advertisers who wish to advertise on NDTV's mobile app. NDTV's mobile app on iOS and Andriod allows users to view live TV, news videos and more. The app is free and allows ads to be placed both in video and regular txt ad formats. InMobi will indeed leverage it's own ad platform to deliver the value. This also allows InMobi to be in a leadership position when it comes to getting new sites / apps partner with them.
3. Karnataka government leads the way with eGovernance - Government of Karnataka, has arguably invested the most on eGovernance within India . Long lines to pay utility bills are thing of the distant past. Bangalore one is also a very unique concept in citizen-government interaction using a private-public partnership. The latest initiative by the government will ensure that all government orders, circulars, land records etc. will be scanned and uploaded for public consumption. With an earmarked budget of INR 32 crore, it will be an initiative that will help Karnataka cement it's leadership position as the more e-Governed state. The problem with such initiatives, is that they are separate initiatives which build applications in silo with no SSO or common infrastructure in mind. The future challenges for content aggregation and managing BigData is huge.
4. Just how big is the Indian Internet and eCommerce market? - based on a report by JuxtConsult, this articles puts the online market size in India at 50 million with 17 million being open to eCommerce. While the Indian internet is about a 12 years old, the last 3 years have seen sustained innovation by .coms.The users seem to be out from their shell. A projection of these numbers taking the addressable market size as 150 million (read last paragraph of this article), will show us that the eCommerce market will be about 50 - 70 million in the long run. Not bad market to pursue as long as one can deliver value at a competitive price. Can Flipkart still deliver a book within 24 hours of placing an order across India and be profitable? - If it can then Dalal street will regain appetite for .coms.
Interesting Read
While the US job scene seems to always give bad news month on month, this chart shows the ironic twist in the tale - Profit per employee is at historic at a high. The profit per employee is at USD 15000/-. Job loss and new efficiency mechanisms definitely prop these numbers up. While political America hopes to understand whether Government spending should go or Income should rise, Corporate America is waiting in the sidelines becoming more worthy than the government. Many people already believe that Wall street and Main street control the US political scene, the balance sheets of private companies and that of the Government will only reinforce this belief. Who will be the next President of USA?- this time watch CNBC not CNN.
1. SMSSupshup receives 5th round of funding - Taking the total funding to $47 m, Investors seem confident of a long term game in the SMS / messaging market. This round was led by Tenaya capital along with existing investors. The advertisers lining up to SMS gup shup is impressive - Microsoft, Kingfsher and more. It would be interesting to see whether a pure play SMS company can derive returns in the future as data plans become very affordable in India.
2. NDTV partners with InMobi's to handle Mobile advertising - InMobi has bagged a good deal to be the front agency for advertisers who wish to advertise on NDTV's mobile app. NDTV's mobile app on iOS and Andriod allows users to view live TV, news videos and more. The app is free and allows ads to be placed both in video and regular txt ad formats. InMobi will indeed leverage it's own ad platform to deliver the value. This also allows InMobi to be in a leadership position when it comes to getting new sites / apps partner with them.
3. Karnataka government leads the way with eGovernance - Government of Karnataka, has arguably invested the most on eGovernance within India . Long lines to pay utility bills are thing of the distant past. Bangalore one is also a very unique concept in citizen-government interaction using a private-public partnership. The latest initiative by the government will ensure that all government orders, circulars, land records etc. will be scanned and uploaded for public consumption. With an earmarked budget of INR 32 crore, it will be an initiative that will help Karnataka cement it's leadership position as the more e-Governed state. The problem with such initiatives, is that they are separate initiatives which build applications in silo with no SSO or common infrastructure in mind. The future challenges for content aggregation and managing BigData is huge.
4. Just how big is the Indian Internet and eCommerce market? - based on a report by JuxtConsult, this articles puts the online market size in India at 50 million with 17 million being open to eCommerce. While the Indian internet is about a 12 years old, the last 3 years have seen sustained innovation by .coms.The users seem to be out from their shell. A projection of these numbers taking the addressable market size as 150 million (read last paragraph of this article), will show us that the eCommerce market will be about 50 - 70 million in the long run. Not bad market to pursue as long as one can deliver value at a competitive price. Can Flipkart still deliver a book within 24 hours of placing an order across India and be profitable? - If it can then Dalal street will regain appetite for .coms.
Interesting Read
While the US job scene seems to always give bad news month on month, this chart shows the ironic twist in the tale - Profit per employee is at historic at a high. The profit per employee is at USD 15000/-. Job loss and new efficiency mechanisms definitely prop these numbers up. While political America hopes to understand whether Government spending should go or Income should rise, Corporate America is waiting in the sidelines becoming more worthy than the government. Many people already believe that Wall street and Main street control the US political scene, the balance sheets of private companies and that of the Government will only reinforce this belief. Who will be the next President of USA?- this time watch CNBC not CNN.
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