India Internet Users = 277MM @ 22% Penetration... +40% vs. +33% Y/Y India Internet Users, 2008 – 2015 300 60% 250 50% ) M M 200 40% s ( h t w ser o U 150 30% Gr et n % er /Y t Y n I 100 20% a i d n I 50 10% 0 0% 2008 2009 2010 2011 2012 2013 2014 2015 India Internet Users Y/Y Growth (%) Source: IAMAI. Uses mid-year figures. KPCB INTERNET TRENDS 2016 | PAGE 8