It looks to me like the "acquire users first, figure out how to make money later" mindset does not fly in India in general. Would I be right in saying that such companies are a relative minority? How do Indian VCs respond to this mindset which is acceptable in silicon valley?
A lot of people do want to do startups, though - so they tend to gravitate towards ideas that provide a steady source of income, which will let them fulfil these obligations.
Early (and arranged) marriages, social pressure to be financially secure... there's a lot of reasons for this kind of attitude.
PS: Looking forward to this book - http://woodegg.com/in
For example check out colama - http://www.colama.net - using VMs for college education; http://www.emee.co.in/ (note - this is my employer's product) - gamification of enterprise workflows, and http://www.kpoint.com/ - which allows you to record videos and embed them in the website (and often used in many conferences, for internal company presentation).