Webyantra.net launched last month, and is profiling the indian web startup scene better than any other site I’ve found. Especially interesting stuff on Indimoto (online carpools), Picsquare (flickr of India), Tezaa (online polls), Wallet365 (online payments), and OLX (classified ads). My personal favorite? Onyoma, a local search site that has been founded by some IIT Delhi kids.
The startup scene in India is still really small compared to Silicon Valley, but things are definitely starting to happen! Many of these companies are simply based on idea arbitrage (the FOO of India), but that doesn’t mean that they won’t work, especially if they can make a product more useful to Indian web consumers (by providing payment in Rupees, photo print delivery to Indian addresses, high quality Indian map data, etc). Ironically, webyantra is doing the same thing: applying an existing concept (techcrunch-style startup review blog) to the Indian market.