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Chief Minister Chandrababu Naidu formally launches Indiainfo.com, the first integrated Internet Company in India
Indiainfo.com debuts unique 'firsts' for Indian Internet community; Online stock trading, auctions and true personalisation provide users with world-class services and features for the first time Hyderabad, December 24, 1999 - Indiainfo.com, the first integrated Internet company in India providing online content, e-commerce and infrastructure services, today announced in Hyderabad the formal launch of new and unique features on its portal site of the same name, Indiainfo.com, by the Chief Minister of Andhra Pradesh, Shri. Nara Chandrababu Naidu. Along with this formal launch today, the Company also unveiled new services and a host of features that are being offered for the first time in the Indian Internet industry. These include an auction site for the Indian community; online stock trading for resident and non-resident Indians; and a comprehensive and in-depth personalisation feature that brings true customisation of information based on user preferences. Referring to the formal launch today, Raj Koneru, Chairman of Indiainfo.com said, "Our vision is to become the largest integrated Internet portal company. To achieve that, we have built the most comprehensive B2B and B2C e-commerce offerings, and a portfolio of rich content properties that attract individuals and businesses." Noting some of the very original services and features that were launched earlier today, Mr. Koneru observed, "Our objective is to bring to our Indian audience the functionality and features that are available on the best global Internet properties, but which are customised to the Indian market. Since our goal is to bring the best user experience within the Indian online industry, we worked on building these unique offerings before formally announcing the launch of Indiainfo, and even before launching our marketing campaign. As a result, we have created something truly special for our Indian audience, that marries the content and commerce aspects in a very seamless way. By being innovative and integrated, we intend to become a part of the fabric of Indian society." Indiainfo.com is the flagship portal and has a number of sister portals targeted at varied interests and needs of users. These include, careerindia.com, a job listing portal; thatscricket.com, a sports portal; and evesindia.com, the first Indian portal targeting Indian women. Commenting on the Company's broader focus in addressing the Indian Internet industry, Mr. Koneru observed, "We believe we can capture significant operating leverage by adopting an integrated business model. This integrated business model allows us to optimally cross-leverage our various properties to deliver significant value to our users across our offerings." The site Indiainfo.com is a comprehensive Internet solution and service provider, offering a portal network, advertising network, e-commerce products addressing both B2B and B2C markets, and Internet services including hosting, connectivity and development services. Indiainfo.com currently employs 650 people in both India and the US, including Mumbai, Bangalore, Hyderabad, New Delhi, Chennai, Ahmedabad, New Jersey and New York.
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