According to a Technopack Advisors report of 2008, the Indian book market is valued at around $2.6 billion and less than one percent of India's $2 billion book industry comes from the online segment. Hence, the internet has a good potential for India's book retail industry.
On the releasing day of Dan Brown's novel The Lost Symbol, in September 2009, Flipkart.com, an Indian online book retailer, sold over 2,000 copies. According to Sachin Bansal, Co-Founder and CEO of Flipkart, the company did well because its main focus was to meet consumer expectations.
Flipkart, which was started in 2007 with initial costs of $9,000 and 50,000 titles, made over $4 million in revenue last year. Earlier this year, it raised $8-10 million from New York-based venture capital fund Tiger Global Management.
Flipkart isn't the only player in India's online bookstore arena who is hopeful in this regard. Infibeam, a Gujarat-based online book retailer, has also recorded $20 million revenue target for the year. The list also includes Firstandsecond, Librarywala and Tradusbooks among others who are hopeful of getting a foothold in the market.
Full report here Silicon India
Showing posts with label dan brown. Show all posts
Showing posts with label dan brown. Show all posts
Wednesday, August 4, 2010
Monday, April 20, 2009
New Dan Brown novel coming in September
At last, a new Dan Brown novel is coming. Six years after the release of his mega-selling The Da Vinci Code, the Knopf Doubleday Publishing Group announced that Brown's The Lost Symbol, a thriller set during a 12-hour period and featuring Da Vinci Code protagonist Robert Langdon, will come out in September, according to an AP report.
The first printing will be 5 million copies, Knopf Doubleday said Monday, a modest number considering that The Da Vinci Code has sold more than 80 million worldwide and inspired a spin-off community of travel books, diet books and religious works.
Brown, 44, had kept his readers and the struggling book industry in suspense as year after year passed without a new novel. As far back as 2004, Doubleday had hinted that a follow up was coming, tentatively titled The Solomon Key.
The first printing will be 5 million copies, Knopf Doubleday said Monday, a modest number considering that The Da Vinci Code has sold more than 80 million worldwide and inspired a spin-off community of travel books, diet books and religious works.
Brown, 44, had kept his readers and the struggling book industry in suspense as year after year passed without a new novel. As far back as 2004, Doubleday had hinted that a follow up was coming, tentatively titled The Solomon Key.
Subscribe to:
Posts (Atom)