India is in for an explosive growth in mobile telephony, the number of users each month equalling the total Indian population in the US, says a leading Indian American CEO.
Satya Prabhakar, founder of Sulekha, which claims to be the largest Indian networking site in the world, says that he sees future growth not in online services as much as among cellular phone users. The greater growth, he said, would be in India, rather than the US.
"The growth is in mobile telephony," Prabhakar told IANS, "as cellular phones are getting more sophisticated, more and more online users are migrating to the cellular phone. "Internet growth is dramatically increasing each month (in India). Broadband adoption in India has been showing signs of explosive growth since the mid-2005, and is growing today at a rate of 30 percent a quarter.
"Sulekha's target market is the 50 million online and 80 million mobile users. Their numbers are expected to grow to 100 million and 200 million users respectively in the next few years," he said.
To put it in perspective, the growth of users in India per month would equal the total Indian population in the US, said Prabhakar, whose company is based in the US.
Sulekha provides 250,000 advertisements, addressing 80 percent of Indians worldwide, company officials said. Sulekha was established in 1999, with a staff of just two - Prabhakar, and his wife. Today the online service has a staff of 275.
In an implicit acknowledgement of Sulekha's growth as well as future potential, Norwest Venture Partners (NVP), a leading global technology venture capital firm, has invested $10 million in it.
Pramod Haque, managing partner of NVP, has also joined Sulekha's board of directors. NVP currently manages more than $2.5 billion in venture capital.
"Sulekha has been a Web 2.0 company even during the Web 1.0 days," said Haque. "It has positioned itself at the vortex of three of the largest Internet mega trends: social media, local commerce, classifieds and yellow pages.
"While the management of Sulekha has done a great job of developing reach and revenue, the real explosive potential, both in online and mobile platforms, is still in front of us.
"I believe our future lies in user generated content," said Prabhakar. "We can now boast of having the largest number of Indian bloggers on Sulekha, the largest network of people's movie reviews and the largest number of photos posted online in the blogs.
"My ultimate ambition for Sulekha is make it the most influential Indian online community and mobile interactive platform," said Prabhakar. "We plan to offer unquestioned value. When it comes to online networking, we want Indians all over the world to think of Sulekha first."
India Headed For Boom in Mobile Telephony
By: IANS
| Jan 03,2007
| Ads by Google | ||
Haris @ Dec 10,2007
LATEST NEWS
- The Tech2.0 Extreme PMP Contest Goes Live!
- Nokia E66 and E71 Launched
- Airtel Offers Calls at 50 paise/minute
- IDLDPL Launches New Digital Photo Frame
- Rock Band 2 Tracklist Leaked
- Raven Squad Announced
- Court Orders YouTube to Give Viacom Video Logs
- Midnight Club Los Angeles Delayed
- Transcend Unveils New Enthusiast RAM Kit
- WoW Expansion Beta Sign-ups Begin
| Ads by Google | ||
RELATED
| Ads by Google |
Hot Searches & Keywords :
AMD
AOL
ATI
Adobe
Apple
Asus
Blackberry
Blizzard
Blu-Ray
Bluetooth
CES 2007
CES 2008
Canon
Capcom
China
Creative
DVD
Dell
E3 2007
EA
Electronic Arts
Gears of War
Google
HP
Halo
IBM
ITunes
Intel
Internet
Ipod
LCD
LG
Linux
Logitech
Microsoft
Mobile
Mobile Phone
Mobile Phones
Motorola
Mp3
Myspace
Nintendo
Nokia
Nvidia
PC
PMP
PS2
PS3
PSP
Philips
Reliance Communications
Samsung
Sandisk
Search Engine
Skype
Smartphone
Sony
Sony Ericsson
Toshiba
Ubisoft
Valve
Vista
Voip
Website
Wi-Fi
Wii
Windows
Windows Mobile
Windows Vista
Xbox
Xbox 360
Xbox Live
Xbox360
Yahoo!
Youtube
Zune
digicam
digital camera
iPhone
mp3 player
printer
social networking site
test
yahoo
| Ads by Google | ||
|
|
Sections
Products
Camcorders |
Controllers |
CPUs |
Desktop PCs |
Digital Cameras |
Digital Video Recorders |
DVD Players |
Games |
Gaming Consoles |
General |
GPS Systems |
Handhelds / PDAs |
Hard Drives |
Headphones & Headsets |
HiFi Audio Systems |
Home Theater Systems |
Input Devices |
Internet |
Laptops |
Low Level Components |
Mac Systems |
Mobile Phone Accessories |
Mobile Phones |
Monitors |
Motherboards |
MP3 / Audio Players |
Multi-Function Devices |
Networking |
Optical Drives |
PC Accessories |
PC Add-on Cards |
PC Cabinets |
PC Games |
Printers |
Projectors |
RAM Modules |
Scanners |
Software |
Speakers |
Telecom |
TVs |
Video Players |