Business Process Outsourcing News and Information

With mobile subscriber population touching 200 million and middle class cable and satellite television TV homes reaching 70 million and a growing internet penetration rate, India never looked so good for entrepreneurs who are coming up with innovative ideas  

India received a whopping $900 million as VC funding in 2007. In 2008 the amount is expected to touch $1 billion.

Surprisingly, a trend can be apprehended this time, unlike previous years, VC funding are not coming for information technology or BPO projects, rising rupee and other factors have eroded the rewarding aspect to a large extent.

Alok Mittal of Canaan Partners, which is focusing on investing in innovative consumer-driven businesses said,

However, investments in high-end KPO kind of services like analytics, research and legal outsourcing will continue to see traction. But dollar-driven businesses will surely see a decline of VC interest

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