While ecommerce including recharge and cabs are still in nascent stage, digital music industry has come a long way.In 2011, overall digital sales of music overtook physical sales for the first time ever, currently around 50- 55% of music sale happens through digital route.
The Indian Internet space had a tremendous year in 2012. We saw the country become the third largest Internet population in the world with more than 120 million users. We put together some data on India’s Internet. Take a look.
Sixty nine Indian startups raised $273 million in series A and 12 firms raised $85 million in series B. Including $150 million raised by ecommerce company Flipkart, nine companies raised a total of $392 mn in further rounds, said the report by Aravind G R and Deepak Srinath of Allegro Capital.
While the earlier list focused mainly on startups that have found product-market fit (and are growing strong), the current one brings companies that have found business-market fit, i.e. driven by sales/customer support and not just the product alone.
Indian startups have come of age. Like every year, we bring together India’s most amazing startups that were spotted. This year was a big year for startups with lots of great moves. Take a look some of the greatest startups of India from 2012.
This year was a meaningful one for ecommerce in India. From the launch of Amazon’s Junglee.com to the acquisition of Letsbuy by Flipkart, the year 2012 saw consolidation, acquisition, policy changes, behavioral shift and a profound change in the e-commerce business model.