Dot Com Storm in India


The Economy of India is the eleventh largest in the world by nominal GDP and the 3rd largest by purchasing power parity (PPP). More no of internet users are present in India.The young population is more intended towards internet. Almost a young Indian college graduate has facebook,gmail accounts.Increasing exposure towards internet has shifted entrepreneurs to focus on e commerce .
  • Naukri.com is a job site operating in India founded by Sanjeev Bikhchandani in March 1997.This site helps aspiring  graduates (engineers,MBA,B comm and other degress) in searching their jobs.This company has grown up in volumes and nearly there are 35,000 recruiters are connected to this site.Aspirants upload resumes and according to their qualification they get calls for interview from companies .Seeing the success of this monster.com and Times jobs have also entered into this territory;but still naukri.com rules

  • Flipkart.com founded by Sachin Bansal. I feel this is the indian version of Amazon.com. Flipkart started selling books,mobile accessories,CD/DVD, cameras, computers, computer accessories and peripherals.They have added more products like   stationery, other electronic items such as home appliances, kitchen appliances, personal care gadgets, health care products.Their  innovative business model i.e selling quality products at low cost ,cash on delivery option ,24*7 customer service has made company popular.

  • makemytrip.com Previously train and flight booking was a very tedious process. One had to go the station/airport fill the form, stand  in queue  and check the availability. The service was very poor .People were facing lot of difficulties .Deep Kalra started makemytrip.com which offers travel services and products(domestic & airline tickets,railway tickets,hotel bookings,cab booking and even plan a vacation).Initially the web site had less reach  but now more people are using this site because of its convenience and better service.Seeing the success many companies followed this model like yatra.com,cleartip.com and redbus.in. One company has provided revenue to 5 industries truly blockbuster model.

  • magicbricks.com As purchasing power increases people demand more.They dream more and think of staying in big homes.For this they had to contact a broker to know about new property/projetcs. That is now reduced with magicbrick.com. Magic brick.com property site where one can rent buy and sell property.Many players have come into this field also like 99acres.com and allcheckdeals.com etc

The dotcom has taken over in India .With days to come there will be more ecommerce portals offering various services and make our life easy


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