Lo and behold! More than 6 months of 2013 are already through and they have been simply explosive for the Indian Technology enthusiasts! India has been quoted as the fastest growing technology market in the world and the world is taking notice.
Three biggest things happened in India Internet / Technology / Product sector according to me in the first half of 2013-
1. Amazon entered India with Amazon.in – A company that I have been following for years, Amazon entered the Indian market and is already capturing sizeable market share, if not market share, at least eyeballs. It remains to be seen how many of those eyeballs can be sustained; also how other competitors react to it. Notice that Amazon is within 1.5 mn uniques of Flipkart within literally no time.
2. Redbus acquisition and the aftermath – Redbus acquisition has proven to the world that Indian market is alive and well when it comes to potential M&A activity in the Internet / Technology sector and has definitely given a wave of hope through the entrepreneur / employee / VC / Angel ecosystem . This has also implied that a lot of startups hitherto struggling to find lead investors are finding the investor community a lot more approachable, provided the business basics are in place.
3. Seamlessness – However, the biggest trend of 2013, in my opinion is Seamlessness – Everything of 2013 has to be seamless. If your product works ONLY on the web, sorry, thats just not good enough! Your product has to work cross platform. Do you have an IOS app? Well folks thats not enough too, for your app needs to also be on the app eco system that has 70% market share outside the US – Android. Android is taking over the world and the developer community knows it. Every company – a publicly listed one as well as fledgling startups are putting considerable effort and are placing considerable bets on the premise of attracting loyal userbase on the promise of a seamless experience.
Never has seamlessness been so important in my opinion.
What are your opinions? Let me know!