Web18 results show that the online space in India has tremendous growth potential

For some early starters in the online space in India it is time to declare the results of their operations. They would make an interesting reading.

network18001 One of the first ones to declare the results is Web18 which is owned by Network18 group up which owns the following online services in India

  • Josh 18: Touted to be the biggest Hindi website in the world.
  • buzz18001 Buzz18: An Indian entertainment portal. It is target at the NRI audience in the world.
  • Bookmyshow:This portal is now being bms001 promoted extensively. Book my show is a comprehensive ticketing, information and analysis solutions provider.
  • IndiWo: IndiWo.com as the name suggests is meant for the Indian woman everywhere in the world.
  • Home Shop 18: HomeShop18 (HS18) is a new venture hs18001 and it is nationally televised home shopping service, selling credible brands through interactive electronic media, primarily through cable TV and Internet.
  • Tech2: tech2.com,is a technology portal for India and has tech shows on CNBC-TV18 and CNN-IBN, and in the near future they plan to introduce events as well as a mobile platform.
  •  Compare India: compareindia.com is a neat service which allows consumers to read reviews of goods and services they plan to buy. As on today there are 37 categories of products that are reviewed.
  • Cricket Next: Launched by Walchand this website wascn001 acquired by Network18 group. It offers volumes of information and opinion, not to speak of contests and loads of fun.
  • Yatra: A cool name if you are Indian with a good recall value Yatra.com provides travel-related yatra001information, pricing, availability and reservations for airlines, hotels, railway, buses and car rentals across 5000 large cities and small rural areas throughout India. Yatra’s multi-language customer service center.
  • Jobstreet: Jobstreet.com is India’s premier e-jobstreet001 recruitment portals. Though it has top competition from Naukri.com and Monster India it has been able to grab people’s attention.
  • Commodities control: commoditiescontrol.com is a website that has in depth information for businesses of a particular commodity in the Indian market. It has real time market information for its users who have to pay for the service. As of now it is reported that commodities control has a subscriber base of 30000 users.
  • Power your trade: www.PowerYourTrade.com is a py001 financial advisory portal, delivering a comprehensive mix of expert advice, stock news and analysis to investors and traders.
  • IBNlive: IBNLive.com is India’s leading and definitive ibnlive001 news portal that provides dynamic online content including streaming video feeds from CNN-IBN and IBN7, breaking news alerts, and video downloads on mobile phones for users on the go.
  • Money Control: Moneycontrol.com is Asia’s largest and moneycontrol001 the world’s second largest financial and business portal. Moneycontrol.com is a popular website in India and the strengthening stock market in India has helped Moneycontrol to grow exponentially. Moneycontrol with more than 150 million page views per month boasts five million users and one million registered users seeking information and guidance for all their financial needs and queries.

Web18 has reported a loss of Rs7.18 crores (718,000) loss in the third quarter ending December 2007 compared to a profit of Rs. 2.18 crores (218,000) last year for the same quarter. The losses are primarily because of the investments that the group has increased. To know the real health of the company one might look at the operating profit which has risen to Rs. 17.06 crores (1,700,000) an increase of 161%. Some of the highlights are

  • Unique visitors to moneycontrol.com up by 30%.
  • Time spent on the pages of moneycontol.com is up by 17%.
  • ibnlive.com continues to be the No.1 news portal in India.
  • Cricketnext.com’s live statistics usage up by 200%.
  • Homeshop18.com portal ready for launch.

With these results of web18 one can see that the Internet portal’s will grow in years to come as the reach of the Internet in India increases.

from content sutra

One thought on “Web18 results show that the online space in India has tremendous growth potential

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s