Dear Mahesh,

You have just thrown cold water on Indian Startup opportunity!!! With 60 M @5500 USD vs 360 M @55000 USD it is already 60 times more difficult to do a startup in India. The numbers and time frames are always questionable though! More here….https://medium.com/@scharanb/indian-internet-startup-opportunity-overestimated-few-more-years-30ac0e279424#.14jqfaq1q