Business Standard and research firm IDC recently posted a reality check on web 2.0 start ups in India, according to them, majority of Indian Web 2.0 start ups don’t really have a real business model and are struggling for both revenues and investments.
It’s a shiny, new dance floor, but how many can dance? The Web 2.0 market in India is still struggling for direction and funding, though the start-up scene in the Indian consumer space has been vibrant. Yet, the number of Web 2.0 companies focused on the enterprise or business space can be counted on one’s fingers.
A majority of players are active in areas like social networking sites (SNS), blogging, and document and multimedia sharing in the consumer space. A mere 12 of the 67 India-focussed websites studied by research firm IDC have a clear enterprise or business-driven model to their operations, while 55 have a consumer focus.