April 08, 2020
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How A Trickle Became A Tsunami

How A Trickle Became A Tsunami

August 15, 1995: Videsh Sanchar Nigam Limited (vsnl) starts giving Internet connections

1996: Rediff-on-the-Net, India's first portal is born as IndiaWorld.

1998: Sabeer Bhatia sells Hotmail.com for $400 million to Microsoft

junglee.com is sold for $200 million to amazon.com


American venture capital firms set up shop on Indian soil

Indian venture capital industry comes of age

1999: World's largest chip-maker Intel takes a stake in Rediff

Intel takes stakes in five more Indian start-ups

International venture capital firms start financing start-ups

Angel investors arrive in India

Top managers start quitting companies to set up own e-businesses. Ashok Soota, ceo, Wipro, quits to start MindTree with high-power team.

Ashok Jain, ceo, Cadbury Schweppes, top management consultant Rama Bijapurkar, former Arthur Andersen chief Ashok Wadhwa team up to start e-business

The Internet Service Provider (isp) business is opened up to the private sector. 175 companies snap up licences

Indiaworld is sold to Satyam Infoway for Rs 499 crore

Venture capitalists snowed under entrepreneurial ideas

The number of Internet users in India crosses one million

Indian software exports cross Rs 10,000 crore

The value of Indian infotech companies on the stockmarkets reaches about 10 per cent of India's GDP

Infosys becomes the first Rs 10 Indian share to cross Rs 10,000 market price

Two or three India Web businesses are being formed every day

More than 100,000 domain names registered from India

More than 23,000 India-centric websites

IMRB estimates that e-commerce in India will grow from Rs 12 crore in 1998 to Rs 25,000 crore by year 2001.

Vajpayee launches Rs 100-crore National Venture Fund

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