Some tips from India’s successful entrepreneurs

Rediff has an article on India’s millionaire Net entrepreneur, some tips from these successful entrepreneurs

Sanjeev Bikhchandani (Naukri.com) says :

“With no venture capital ready to fund us, we realised from the beginning that we had to earn revenue from day one to stay afloat and cover our costs.”

“Today investors are ready to give high valuations to Net companies and want to grab companies that have a first-mover advantage in their space. Or those that have a dominant market share, a good brand and, of course, if they already are profitable”.

Deep Kalra (Makemytrip.com) says : “If you can’t deliver the service at the most efficient price, at the right time, and map all the customer queries effectively, users are not going to come back to you.”

Exciting days for Internet Consumers in India

Exciting days for Internet consumers in India…

Vivah(a Bollywood movie) is Bollywood’s first movie which went online premier. Rajshri media has produced this movie. Vivah will be premiered over the internet for $10, This is the first time that a Bollywood movie is premiered live on the internet (legally). Update -In fact none of the Hollywood movie has done online premier yet 🙂 so looks like Bollywood is encashing the global Indian diaspora audience and also Bollywood audinence from various countries. Content is king!! & consumer wants content and medium freedom, so let them watch media wherever they want to be. Way to go Bollywood..

Read more about Rajashri, ContentSutra has an excluisve interview with them.

India’s Top Cricketer Anil Kumble has started a Softwar product company StumpVision for various sports products, starting with Cricket. That is a matser stroke Anil, you give thousand of Indian entrepreneurs of this generation to bring the best on world space!!

The company has built products using Microsoft technologies and Steve Ballmer launched StumpVision services in India!!!

Who would have thought 20 years back that Elephants will get to wear Microchips

Who would have thought 20 years back that Elephants will get to wear Microchips 🙂

BBC article : Microchip for Mumbai Elephants.

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Elephants in India’s financial capital Mumbai are to receive microchip ‘licence plates’  …The implants cost 200 rupees ($4.40) and will be ready to be implanted into the animals’ ears over the next month.

In Another article,e-ration card is being introduced to check black marketing of daily goods

A computer-based automated ration card and public distribution management system would be set up under a pilot project which would connect the shopkeeper, the warehouse and the consumer through computers,” said an official.

The company said the e-ration card system would enable monitoring of fair price shops from one place, which in turn would help checking black marketing of commodities.
==> We human being believe technology is the cure for all evil but then we also create evil to break the technology. Anyway to change the evil (like black marketing & corruption) which has lasted for centuries in India, I think technology solution will be one angle to solve this..

I think the social media and explosion of new media will revolutionise countries like India, because information is flowing and can no longer be hidden from layman and can’t be manipulated for goverment agency benefits. However there must be initiative from government to create independent information hubs which assures relaibility of information. I will address this in a separate article.

The State Of The Indian Internet Market

ContentSutra has a report on “The State Of The Indian Internet Market”. Some revelations

**India has approx. 45mn Internet users; only around 10mn are power users (for research and ecommerce)
**Lack of credit card penetration hampers growth, but alternate modes of payment are emerging.
**Non-standardized ecommerce products will take time to gain traction