In a survey conducted by VentureWoods, Mobile Data Services emerged as the Hottest area for VCs looking to fund startups in India this year. Here is the break-up of Hot Favorites in percentage according to the poll,

  • Mobile Data Services – 13%
  • Online Education – 12%
  • E-commerce/M-Commerce – 12%
  • Online Financial Services – 11%
  • Digital Entertainment – 11%
  • Gaming – 8%
  • Local Language Web Content – 8%
  • Search – 7%
  • Advertising Networks – 6%
  • Enterprise Tech – 5%
  • Social Networking – 4%
  • Online Travel – 3%
  • BPO/KPO – 1%
  • Others – 1%

Social Networking startups now have no other choice but to depend on Advertising Networks to stay in business. Not quite sure why they are letting down Enterprise computing as it is supposed to make a comeback in 2008.