World bank has published its Doing Business report for 2017 and India’s ranking hasn’t really improved significantly.
India’s ranking in Doing Business improved by only 1 point – major improvements being seen on parameters like ‘getting electricity’ and ‘enforcing contracts’, paying taxes and trading across borders.
It is hard to build a profitable internet business at scale in India, but not impossible. Let me talk about ixigo’s FY2020 performance. But first, the back story (with @rajnishkumar) It was 2016. We had 3 Million MAUs (mostly organic) and were getting closer to 20 crores annual revenue. We...
