nickrayudu Posted November 10, 2011 Report Posted November 10, 2011 [b]Several Indian software product companies now command or are close to commanding valuations of $1 billion, a sign that the software products space is coming of age in a country whose strength in technology has so long been in services. Online travel company [url="http://timesofindia.indiatimes.com/topic/Makemytrip"]Makemytrip[/url], which listed on the [url="http://timesofindia.indiatimes.com/topic/NASDAQ"]Nasdaq[/url] last year, had a valuation $1.13 billion at close of trade on Monday. Mobile ad network InMobi, which closed a $200 million funding in September, is close to touching a billion dollar valuation . Bankers say that online retailer Flipkart, which is reportedly in talks with General Atlantic and Carlyle to raise about $150- $200 million in funding , is valued at close to $1 billion. Sharad Sharma, co-chair of the Nasscom Product Forum, said there are other product companies that could touch the $1 billion mark in the next couple of years. Nasscom is holding a product conclave in Bangalore on November 9-10 . "Every year I expect at least one product company to hit the $1 billion valuation mark. Those like Zoho and Druva Software are in line to become billion dollar companies," he said.[/b]
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