India Internet & Mobile
I spent the past week in New York City at Bessemer’s All Hands meetings. On Wednesday and Thursday, it was just the India team, of which I am also a part.
Tomorrow, I fly to Mumbai. I’ll be in India for two months leading the development of our India internet and mobile investment practice. India has 81 million internet users, a number that is predicted to triple by 2015, and has the fourth largest internet population in the world. India also has over 800 million mobile phone subscribers, meaning that more people have access to a mobile phone than a flushing toilet.
BVP will continue to invest in sectors in which we’ve had considerable success in India–infrastructure, cleantech, financial services, etc–but we’re also going to going to ramp up our efforts on the web and mobile front. We’re going to tap into some of the US internet expertise from our investments in Yelp, LinkedIn, Quidsi, Skype, and Cornerstone to give entrepreneurs a wealth of resources to help them grow their companies.
Let me know if you hear of some exciting internet or mobile entrepreneurs in India who are in the process of, or want to build great businesses. We can’t wait to help.