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Facebook-WhatsApp deal to spur Indian start-ups: Nasscom

The $19 billion price tag that Facebook is paying for WhatsApp has put the spotlight on the extraordinary rise of app developer community. WhatsApp, which was founded just five years ago, adds close to a million users per day to its existing base of 450 million.
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Facebook-WhatsApp deal to spur Indian start-ups: Nasscom

The $19 billion price tag that Facebook is paying for WhatsApp has put the spotlight on the extraordinary rise of app developer community. WhatsApp, which was founded just five years ago, adds close to a million users per day to its existing base of 450 million.

Can someone from the Indian start-up community come up with such a hugely successful app, particularly when the next billion of new internet consumers will be from developing countries like India, Brazil and China?

R Chandrashekhar, president of Nasscom, says WhatsApp deal will spur the Indian entrepreneurial community to come up with successful apps.



"We are yet to see apps growing out of India with that kind of usage. But there is no reason why applications like that which has particularly relevance for mobile and universal applicability should not emanate from India," he says, referring to WhatsApp.

He adds: "The WhatsApp acquisition will spur even more innovation and ideas from Indian start-up community which is growing up by leaps and bounds."

Though WhatsApp has little revenue now, analysts say Facebook is eyeing the next billion internet users, many of whom live in places like India, through its acquisition of the messaging-service.

The Nasscom chief also sees huge potential of e-commerce in India. Mr Chandrashekhar says that foreign direct investment in the Indian e-commerce sector could be a trigger. The Indian government does not allow FDI in business-to-consumer e-commerce ventures.

Nasscom has recently come up with its growth forecast for the Indian IT sector. The IT industry body says that it sees growth of nearly 13-15 per cent for the sector in FY15 - its highest forecast in three years.
 



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