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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

Looking Beyond Mobile

Upal Basu
Managing Director -NGP India Advisors
Tuesday, September 4, 2012
 Upal Basu
Nokia Growth Partners (NGP) is a global growth stage venture firm focused on technology entrepreneurs creating companies at intersection of mobile, internet and computing. As a growth stage venture investor, NGP prefers to invest in companies that have a commercially launched product or service with a customer validated business model. From its offices in U.S., Europe, China and India, it makes investments and prefers to work with other value added investors with complementary skills and perspectives. In India, NGP has invested in organizations such as Deals&You, Innovis, Fashion&You, Netmagic, Network18, Quikr, and TechProcess.

Upal Basu is the managing director of NGP India Advisors. Upal also founded mFormation Technologies, a U.S. based mobile device management software company. Prior to this, he was a strategic management consultant for McKinsey & Company in New York and London. He holds an MBA from Harvard Business School.


Current Trend

The market is currently witnessing extraordinary levels of innovation in internet, both mobile and desktop, worldwide. The advent of ultra-cheap cloud computing has dramatically lowered the cost of starting a company. On the other hand, the massive growth in smartphones and tablets has created billions of new technology consumers hungry to communicate, inform, entertain and work with each other. These two phenomena are feeding off each other to create rapid innovation and business models that are spreading across the globe.
NGP sees significant innovation in areas such as Local Services, Mobile and e-commerce, Digital Payments, Multi-Screen Entertainment, Data Analytics and Cloud Computing. While in India, e-commerce has been the most funded sector, NGP is beginning to see entrepreneurs looking beyond, to create interesting businesses built on cloud platforms, leveraging existing offline businesses with mobile and new monetization and service delivery models.

Next wave in Mobile sector

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