Knowledge.Wharton: CEO Rajesh Jain: 'In India, the Future of the Internet Will Be Built around the Mobile Phone'
Rajesh Jain has a lot in common with Marc Andreeson, co-founder of Netscape. Just as the Netscape IPO in 1995 is widely believed to have sparked the Internet boom in the U.S., Jain ignited a dot-com storm in India when his portal -- IndiaWorld -- was sold in November 1999 for $115 million to Sify, an Internet service provider. That deal signaled to millions in that country that the web was not just a passing techie fad and that entrepreneurs could make serious money from it.
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