Hindustan Times: Norwest Venture Partners has been in news since its chief Promod Haque has been talking to the press pretty regularly. Here is an interview with Haque, where he reiterates that Indian consumer internet space is happening. He says:
The Indian internet landscape is exactly where the Chinese market was five years ago — A burgeoning middle class, an aggressive broadband rollout, incremental increase in PC and mobile penetration. So the time is ripe for venture capital to flow back into portals and online businesses that have a proven business model. We are also armed with more experience to recognise a rogue company when we see one. It is matter of evolution, the Indian market is just right for the consumer internet space and that is why we decided to join hands with Reliance and TV18 for Yatra. We expect to close a few more deals in the next couple of months.
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