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Our Competition

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We were the second most visited electronic greetings website world wide in terms of Unique Visitors during the twelve month period from September 2008 to August 2009.

Our usage patterns and traffic volumes during the twelve month period from September 2008 to August 2009, according to comScore Media Metrix are as follows:

Month Rank in terms of Unique Visitors Total Unique Visitors % Reach Average Daily Visitors Average Pages per Visitor Average Minutes per Visitor Total Visits
August 2009 2 68,36,796 0.6 3,41,588 10.58 9.55 1,16,78,508
July 2009 3 53,28,285 0.5 2,63,074 11.00 10.41 89,92,401
June 2009 2 59,12,698 0.5 3,17,596 12.95 11.99 1,05,78,497
May 2009 1 69,72,383 0.6 3,41,332 11.10 10.55 1,16,35,658
April 2009 1 72,97,068 0.7 3,75,527 11.40 10.82 1,24,41,436
March 2009 2 73,05,619 0.7 3,69,432 13.06 10.93 1,2,6,90,080
February 2009 1 91,16,922 0.8 5,30,430 15.43 12.48 1,69,07,283
January 2009 1 90,06,210 0.9 4,56,200 11.55 11.19 1,54,77,328
December 2008 2 1,26,94,851 1.3 6,72,013 16.19 15.01 2,38,36,741
November 2008 3 60,95,429 0.6 3,16,094 18.45 14.27 1,06,23,831
October 2008 3 80,18,662 0.8 4,03,335 16.78 12.46 1,38,27,058
September 2008 3 68,17,315 0.7 3,43,392 13.52 12.02 1,13,64,688

We routinely undertake search engine optimization processes by adjusting keywords, meta-tags and content based on changes in user behavior and key phrases. Based on the same, we are the category leaders for electronic greeting cards across most major search engines like Google, Yahoo, MSN and Ask.com.

The market for online card is highly competitive. There are no substantial barriers to entry in this market, and we expect that competition in the existing market will continue to intensify. Negative competitive developments could have a material adverse affect on our business.

We compete with many other providers of electronic greeting cards. As the popularity of online communication continues to increase, we expect to compete directly with a greater number of websites and a wide range of media companies that provide online services similar to ours. We also compete in vertical markets where competitors may have advantages such as substantial financial resources, brand recognition and other factors. Our market is evolving rapidly and we compete with many Internet companies for content, consumer time, limited online advertisement expenditure and e-commerce revenues. We expect this competition to increase.

We compete, in particular, with companies or their affiliates that offer electronic greeting cards via the Internet, content aggregators that offer electronic greeting cards, and providers of traditional greeting cards and related services. We also compete with numerous types of web based businesses and web sites for a limited internet advertising expenditure. In addition, competitors may also be able to undertake more extensive marketing campaigns, adopt aggressive pricing policies and devote substantially more resources to developing Internet content and services than us.

The usage patterns and traffic volumes of our Website in comparison with that of some of our competitors for the period from April 2009 to August 2009 according to comScore Media Metrix are as follows:

Comparison Unique Pageviews

Source: Data from comScore Media Metrix

Comparison Pageviews

Source: Data from comScore Media Metrix

Comparison Total Minutes

Source: Data from comScore Media Metrix

Disclaimer: The Company is proposing, subject to market conditions and other considerations, a public issue of its equity shares and has filed a Draft Red Herring Prospectus with SEBI. The Draft Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in and the respective websites of the BRLMs at www.csinga.com and www.rathi.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled “Risk Factors” of the the Draft Red Herring Prospectus.

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