[blrgeek]

There is a newly available 150 Million middle-class with smartphones and Internet.

The huge market in each city (Bangalore alone has 1 Million IT folks, middle class is ~5 Million), the high density (10K/sqkm), high Internet penetration, make this a market comparable to the largest US cities. These cities now have critical mass to kickstart new product companies.

The daily friction of life is so high, that home delivery/ecommerce is changing the entire retail landscape including in food and groceries, and soon in services too.

Bangalore is on par with SF on food/grocery delivery, and perhaps ahead on services delivery (see home medical service startups like Portea.com).

Startups are not a bubble per se. We need more startups to smoothen out the rough edges of life in India.

However, late stage valuations may be in a bubble. In the early stage, valuations are moderate.

[srean]

Quick question: If one were to look for such quantitative figures that you provided what would be a good way to find them.

[blrgeek]

Was from Wikipedia + Google + back-of-the-envelope.

Didn't find things in one place.