Submitted: July 9, 2009 - 2:23pm
Originally published: July 9, 2009
Last updated: July 9, 2009 - 2:24pm
Originally published: July 9, 2009
Last updated: July 9, 2009 - 2:24pm
Source:
Fortune Small Business
Author:
Malika Zouhali-Worrall
India, famous for its bureaucracy, is where entrepreneur Sriram Raghavan intends to prove that the world's billion-plus rural poor can be a lucrative market for online services. Raghavan, 36, once built software for U.S. corporate clients. Now, backed by U.S. venture capital and undeterred by acts of violence against his outlets, he is succeeding where others failed: providing Internet services that villagers actually need and making a profit from their micropayments. "We're democratizing information services," he says.
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