From the IIT Bombay Entrepreneurship Summit.
The consensus was that mobile will come to dominate the Indian internet access; with the mobile platform surpassing the desktop as an internet access device of choice. The impressive mobile penetration and the poor broadband infrastructure have contributed to the
popularity of mobile internet; and the internet companies are pouring in investments into their mobile offerings to make them more robust and userfriendly. The companies are fully aware of the trend and are spending substantial amounts in getting the user to download their mobile app.
India attracted more than US$4bn investment in the Internet space in CY14 alone. Our conversations with PE investors at the event persuade us that following the 2000 dot-com bubble they are wary of ?revenue in the pipeline? business models. PE money is now
looking for more tangible and mature ideas that have already seen traction in the market. Given the shortage of such companies at present, there is a lot of money chasing too few companies, resulting in large premiums for profitable and tangible companies.
