A decade later, most Indian internet companies are as far from an IPO as when they started off

Published on 04 Oct, 2017

“The barriers to entry in several internet businesses are really low,” Aranca’s Mantena said. “Any competitor can come at any time and start the same business and do something better than the existing player and overtake it. No one has patent protection as such.” Mantena cites the example of Flipkart, which started the marketplace model in India in 2008. But four years later, in 2012, Amazon entered the country and is now giving it tough competition.