You started off in the online industry when it was tiny in comparison to today, and youve been at it for about ten years. As an entrepreneur, how would map the transition?
A. The first big thing is that the penetration of the internet has increased substantially. So, when we launched Naukri in 1997, there were 14,000 internet accounts in the country. It must have been a couple of lakh users and in 2000 there were 4 million net users. Today, people are talking about 50 million or 70 million…those kind of numbers. What this has done is that this has made a whole lot of internet businesses viable suddenly, which were not viable seven to eight years ago when the meltdown happened. And because of this, you are seeing investments coming in, you are seeing more and more start-ups and entrepreneurs. Therefore, a lot more action is happening, which is a good thing. When an industry grows and develops, you see a lot educational initiatives like training happening. You see companies growing and I think that will help in moving the industry. I think we are now an industry earlier, we were a bunch a start-ups.
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