ByIndia.com has been in the news a lot lately, and with good reason. This little known search engine has exploded in popularity since it was relaunched as more than just a search engine after being acquired by American company Web2Corp (OTCBB:WBTO). It has been six months since the new site launch, and the combination of search, blogging, personal pages, auctions, videos, job postings, and special Indian interest pages is definitely generating a lot of buzz.
ByIndia.com's growth has recently increased explosively, and it is now growing faster than the site that Alexa.com rates as the 6th most trafficked site Baidu.com (NASDAQ:BIDU) did over the same period after its launch. ByIndia.com is preparing to launch its new advertising engine that will sell keyword-powered advertising that is similar to Google.com (NASDAQ:GOOG) or Yahoo! (NASDAQ:YHOO).
CEO William Mobley explains the potential for ByIndia and Web2Corp,"ByIndia.com has risen from nowhere to be in the top 150 Indian websites in the last month, and the growth keeps coming. We're looking to capture a similar share of the Indian internet advertising market that Baidu has in the Chinese market.
Baidu.com, in 2006, captured just over 19% of the Chinese Internet advertising market, valued at 548.3 million dollars (USD), to generate 104.7 million dollars of revenue, according to their financial reports. In 2007, the Indian Internet advertising market is projected around 276 million dollars, according to Heernet Ventures, which means that with similar market share, ByIndia.com executives project earnings around 52.4 million dollars in advertising revenue, in mid-2008 and 60.9 million by the middle of 2009.
"As Ads.ByIndia.com comes out of beta testing in the next few weeks, we're very excited about what it will mean for ByIndia.com and Web2Corp, Mobley continues. "Advertisers who want to generate brand loyalty and name recognition on what is rapidly becoming the Internet's largest market will surely benefit from the currently low cost of keywords in the Indian market. That's bound to change quickly, though, as the market matures.
About ByIndia.com
ByIndia.com is an Indian-focused search engine and social networking site that is similar to Baidu.com, the gigantic Chinese search engine. It searches and indexes Indian sites, but offers a host of social networking features that Baidu.com does not, gaining market share in a country that is going to be the largest internet market in the next 5 to 10 years. According to Heernet Ventures, the Indian media market will grow from 9.2 billion US dollars in 2007 to 17 billion in 2012, or 766 billion INR, so the potential to start generating brand loyalty in the fastest-growing economy in the world while it is still inexpensive is very valuable. As the #1 Indian search engine and social networking site, ByIndia.com offers advertisers clear value, both in terms of traffic and content, as it allows businesses to target the Indian market. 53% of India's population is under 30, and increasingly tech-savvy. Providing a social media opportunity for Indians, by Indians, ByIndia.com is growing faster than any other Indian search property and is on target to dominate the market shortly.
About Web2Corp:
Web2Corp (OTCBB:WBTO) is a Web 2.0 internet technology development firm dedicated to rapid creation and adaptation of technologies. Web2Corp addresses new markets of users by creating and simplifying useful products, reducing the level of user technical skills required, and lowering prices for consumers. Web 2.0 technologies have become increasingly popular, with the use of Web 2.0 applications such as e-commerce or blogs up more than 25% over the last year, according to comScore networks. The Web 2.0 market generates more than 20 billion dollars of revenue a year, with well-known companies like Google.com, Flickr.com, MySpace.com, eBay.com, and Blogger.com making up the majority of the income.
For more information on ByIndia.com or for rules and details of the ByIndia.com 5 Million Dollar Sweepstakes, visit www.ByIndia.com.
For more information on Web2Corp or to see Web2Corp's Safe Harbor Act Disclaimer Notice, go to www.Web2Corp.com.
