Anshuman Das
Utica, NY (USA)
Role(s):
Lokatantra
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Startup
Location:
Utica
Industry:
Internet
Year Founded:
2008
Number Employees:
INVALID
Description:
Lokatantra is the first social media news website targeted for India.
There are 70 million Internet users in India and the growth in Internet usage is the highest in the world (33%). Currently, there is no social news website and no leading video/photo sharing website in India.
Lokatantra is the first of its kind in India and has HUGE potential.
Development is 50% complete and a working prototype is available. Current release date is in March 2008. We will start to advertise aggressively from March 2008.
Targeted net revenue in the first year is 2 million USD and second year is, 7 million USD. Investors can expect to break even in 6 months.