India is the second largest digital market in the world. It is seeing rapid growth in the current pool of over 450 million internet users with wide-ranging access to smartphones and 4G internet. Many technology-driven businesses are rapidly gaining scale and leaders have emerged in many segments. These new digital leaders are fueling new consumer demand as well as disrupting traditional business models. They are rethinking ways of reaching and servicing consumers despite historical infrastructure bottlenecks. What is the current pace of this transformation and its impact on traditional businesses? How rapidly can the digital leaders grow and is there now a sharper focus on profitable growth? The Indian internet ecosystem has largely been funded by private capital from global investors. Can investors expect to start seeing IPOs from this ecosystem in the next 12-18 months?