Goldman’s Billion-Dollar Babies Spur India Internet Fever

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An app Goldman Sachs Group Inc. lists as one of the possible “billion dollar babies” among India’s Internet startups shows how local language content is becoming key to expanding the nation’s online population.

Dailyhunt, a Sequoia Capital-backed news aggregator and e-book store, offers content in a dozen of India’s 122 languages including Hindi and Urdu. The mobile application claims 90 million downloads as it taps demand among the hundreds of millions of Indians who don’t speak English.