1 00:00:01,032 --> 00:00:02,562 Look all around you. 2 00:00:02,586 --> 00:00:08,286 Whether you're in a subway, a park, an airport, a restaurant, 3 00:00:08,310 --> 00:00:10,029 even at this conference, 4 00:00:10,053 --> 00:00:13,441 all of you have a phone in your hands or maybe in your pockets. 5 00:00:13,465 --> 00:00:15,291 How many of you have a book? 6 00:00:15,315 --> 00:00:16,465 Very few, right? 7 00:00:17,069 --> 00:00:18,946 This is the sight that used to greet me 8 00:00:18,970 --> 00:00:21,077 every time I walked out of my office block. 9 00:00:21,101 --> 00:00:24,752 I was surrounded by a sea of 20-something professionals 10 00:00:24,776 --> 00:00:26,243 glued to their phones. 11 00:00:26,560 --> 00:00:29,038 And not a single one had a book in their hands. 12 00:00:29,600 --> 00:00:32,195 And this used to make me very, very frustrated. 13 00:00:32,505 --> 00:00:34,671 I was a bookworm all my life. 14 00:00:34,695 --> 00:00:37,403 Books formed the milestones of my life. 15 00:00:37,427 --> 00:00:40,474 The first man I fell in love with was Mr. Darcy. 16 00:00:40,990 --> 00:00:46,080 I first read "Harry Potter" when I was 21, on a summer break from college. 17 00:00:46,601 --> 00:00:50,990 And I remember the first night I spent in a little flat I bought in my mid-20s, 18 00:00:51,014 --> 00:00:52,426 very proudly, 19 00:00:52,450 --> 00:00:55,355 and I spent the whole night reading "The Da Vinci Code." 20 00:00:55,379 --> 00:00:57,688 And then I'm going to make a terrible confession: 21 00:00:57,712 --> 00:01:01,391 even today, when I'm low, I get into bed with "War and Peace." 22 00:01:01,415 --> 00:01:02,565 Don't laugh. 23 00:01:02,589 --> 00:01:03,620 (Laughter) 24 00:01:04,030 --> 00:01:07,331 But I was also like all those people I saw around me: 25 00:01:07,355 --> 00:01:09,029 I, too, lived on my phone. 26 00:01:09,053 --> 00:01:11,537 I ordered my groceries online, 27 00:01:11,561 --> 00:01:15,695 and soon my app knew that I needed a monthly dose of diapers. 28 00:01:16,339 --> 00:01:19,220 I booked my cinemas on my phone. 29 00:01:19,244 --> 00:01:21,913 I booked planes on my phone. 30 00:01:21,937 --> 00:01:26,326 And when I did the long commute back home like most urban Indians, 31 00:01:26,350 --> 00:01:28,143 and was stuck in traffic, 32 00:01:28,167 --> 00:01:32,057 I passed the time on WhatsApp, video-chatting my twin. 33 00:01:33,437 --> 00:01:37,803 I was part of an extraordinary revolution that was happening in India. 34 00:01:37,827 --> 00:01:41,957 Indians are the second-largest users of smartphones in the world. 35 00:01:42,466 --> 00:01:46,323 And data prices have been slashed so radically 36 00:01:46,347 --> 00:01:50,045 that half of urban India and even a part of rural India 37 00:01:50,069 --> 00:01:53,347 now have a smartphone with a data connection in their hands. 38 00:01:53,371 --> 00:01:55,204 And if you know anything about India, 39 00:01:55,228 --> 00:01:58,554 you'll know that "half" means, like, all of America or something. 40 00:01:58,578 --> 00:02:00,125 You know, it's large numbers. 41 00:02:00,149 --> 00:02:01,299 (Laughter) 42 00:02:02,220 --> 00:02:04,998 And these numbers are just growing and growing and growing. 43 00:02:05,022 --> 00:02:06,204 They're exploding. 44 00:02:06,228 --> 00:02:08,300 And what they're doing is empowering Indians 45 00:02:08,324 --> 00:02:10,782 in all kinds of extraordinary ways. 46 00:02:10,806 --> 00:02:14,244 And yet, none of these changes that I was seeing around me 47 00:02:14,268 --> 00:02:17,174 were reflected in my world, my world of books. 48 00:02:18,006 --> 00:02:21,101 I live in a country the size of Europe, 49 00:02:21,125 --> 00:02:23,594 and it only has 50 decent bookshops. 50 00:02:24,053 --> 00:02:27,290 And Indians just didn't seem to want to read for fun. 51 00:02:27,314 --> 00:02:29,825 So if you look at all the best-seller lists in India, 52 00:02:29,849 --> 00:02:32,070 what you'll always find in the best-seller list 53 00:02:32,094 --> 00:02:33,909 is exam and professional guides. 54 00:02:33,933 --> 00:02:37,928 Imagine if you found the SAT guides as the "New York Times" number one seller, 55 00:02:37,953 --> 00:02:39,417 month after month. 56 00:02:41,659 --> 00:02:46,459 And yet, the smartphone revolution was creating readers and writers 57 00:02:46,484 --> 00:02:48,229 of a different kind. 58 00:02:48,254 --> 00:02:51,095 Whether it was on Facebook or WhatsApp, 59 00:02:51,119 --> 00:02:55,960 Indians were writing and sharing and reading all kinds of things: 60 00:02:55,984 --> 00:02:59,698 terrible jokes, spurious pop history, 61 00:02:59,722 --> 00:03:02,398 long, emotional confessions, 62 00:03:02,422 --> 00:03:04,593 diatribes against the government. 63 00:03:04,617 --> 00:03:07,903 And as I read and shared these things, I wondered to myself, 64 00:03:07,927 --> 00:03:12,189 "Could I get these writers and these readers, 65 00:03:12,213 --> 00:03:14,546 could I turn them into my readers?" 66 00:03:15,212 --> 00:03:17,895 And so I left my plush corner office 67 00:03:17,919 --> 00:03:22,291 and my job as the publisher of India's top publishing company, 68 00:03:22,315 --> 00:03:23,993 and I set up on my own. 69 00:03:24,017 --> 00:03:30,720 I moved into a single large room in a cheap bohemian district of Delhi, 70 00:03:30,744 --> 00:03:32,058 with a small team. 71 00:03:32,402 --> 00:03:35,376 And there, I set up a new kind of publishing house. 72 00:03:36,355 --> 00:03:39,765 A new kind of publishing house needs a new kind of reader 73 00:03:39,789 --> 00:03:41,322 and a new kind of book. 74 00:03:42,218 --> 00:03:45,138 And so I asked myself, "What would this new reader want? 75 00:03:45,162 --> 00:03:48,956 Would they prize urgency, relevance, 76 00:03:48,980 --> 00:03:51,258 timeliness, directness -- 77 00:03:51,282 --> 00:03:54,958 the very qualities they seem to want from their online services, 78 00:03:54,982 --> 00:03:58,120 indeed, the qualities they seem to want from life today?" 79 00:03:59,149 --> 00:04:01,783 I knew that my readers were always on the go. 80 00:04:01,807 --> 00:04:04,728 I'd have to fit into their lifestyle and schedules. 81 00:04:04,752 --> 00:04:07,810 Would they actually want to read a 200-page book? 82 00:04:07,834 --> 00:04:10,947 Or would they want something a little bit more digestible? 83 00:04:11,676 --> 00:04:14,652 Indians are incredibly value-conscious, 84 00:04:14,676 --> 00:04:17,220 especially when it comes to their online reading. 85 00:04:17,244 --> 00:04:20,636 I knew I had to give them books under a dollar. 86 00:04:21,735 --> 00:04:25,167 And so my company was formed, and it was born. 87 00:04:25,191 --> 00:04:31,426 It was a platform where we created a list of stories designed for the smartphone, 88 00:04:31,450 --> 00:04:35,625 but it also allowed amateur writers to upload their own stories, 89 00:04:35,649 --> 00:04:38,220 so they could be showcased along with the very writers 90 00:04:38,244 --> 00:04:39,974 they read and admired. 91 00:04:39,998 --> 00:04:44,506 And we could also enter into other people's digital platforms. 92 00:04:44,999 --> 00:04:46,785 So, imagine this: 93 00:04:46,809 --> 00:04:50,173 imagine you're a receptionist, you've had a long day at work, 94 00:04:50,197 --> 00:04:52,644 you book your cab in your ride-hailing app, 95 00:04:52,668 --> 00:04:54,007 it shows up, 96 00:04:54,031 --> 00:04:56,911 and you get into your car, and you lie back on your seat, 97 00:04:56,935 --> 00:04:59,101 and you put on your app. 98 00:04:59,125 --> 00:05:03,187 And you find a set of stories waiting for you, timed to your journey. 99 00:05:04,347 --> 00:05:06,514 Imagine you're a gay young woman, 100 00:05:06,538 --> 00:05:10,842 in a relatively conservative city like Lucknow, which lies near Delhi. 101 00:05:11,300 --> 00:05:14,022 There's no way your parents know about your sexuality. 102 00:05:14,046 --> 00:05:15,912 They'd completely freak out. 103 00:05:16,403 --> 00:05:22,315 Would you like lesbian love stories written in Hindi, priced under a dollar, 104 00:05:22,339 --> 00:05:24,728 to be read in the privacy of your phone? 105 00:05:25,244 --> 00:05:27,855 And could I match readers 106 00:05:27,879 --> 00:05:32,189 to the events that were taking place around them in real time? 107 00:05:32,982 --> 00:05:37,156 So we published biographies of very famous politicians 108 00:05:37,180 --> 00:05:39,941 after they won big elections. 109 00:05:40,633 --> 00:05:44,188 When the supreme court decriminalized homosexuality, 110 00:05:44,212 --> 00:05:47,959 an LGBTQ collection was waiting on our home page. 111 00:05:48,482 --> 00:05:53,591 And when India's Toni Morrison, the great writer Mahasweta Devi died, 112 00:05:53,615 --> 00:05:57,460 our readers found a short story by her as soon as news hit. 113 00:05:58,046 --> 00:06:02,807 The idea was to be relevant to every moment of a reader's life. 114 00:06:03,823 --> 00:06:05,157 Who are our readers? 115 00:06:05,562 --> 00:06:08,657 They're mostly young men under the age of 30. 116 00:06:08,681 --> 00:06:10,665 There's someone like Salil, 117 00:06:10,689 --> 00:06:13,768 who lives in a city where there isn't a modern bookshop. 118 00:06:13,792 --> 00:06:16,525 And he comes to our app almost every day. 119 00:06:16,852 --> 00:06:18,678 There's someone like Manoj, 120 00:06:18,702 --> 00:06:21,894 who mostly reads us during the long commute back home. 121 00:06:22,266 --> 00:06:25,861 And there's someone like Ahmed, who loves our nonfiction 122 00:06:25,885 --> 00:06:29,847 that he can read in a single sitting, and that's priced very low. 123 00:06:30,831 --> 00:06:33,832 Imagine if you're like a young, techie boy 124 00:06:33,856 --> 00:06:38,187 in India's Silicon Valley city of Bangalore. 125 00:06:39,031 --> 00:06:41,578 And one day, you get an in-app notification 126 00:06:41,602 --> 00:06:45,053 and it says that your favorite actress has written a sexy short story 127 00:06:45,077 --> 00:06:46,672 and it's waiting for you. 128 00:06:46,696 --> 00:06:48,768 That's how we launched Juggernaut. 129 00:06:48,792 --> 00:06:53,188 We got a very famous ex-adult star, called Sunny Leone. 130 00:06:53,212 --> 00:06:56,347 She's India's most Googled person, as it happens. 131 00:06:56,371 --> 00:07:00,395 And we got her to write us a collection of sexy short stories 132 00:07:00,419 --> 00:07:02,958 that we published every night for a week. 133 00:07:02,982 --> 00:07:04,410 And it was a sensation. 134 00:07:04,434 --> 00:07:08,034 I mean, no one could believe that we'd asked Sunny Leone to write. 135 00:07:08,466 --> 00:07:09,626 But she did, 136 00:07:09,650 --> 00:07:12,212 and she proved everyone wrong, 137 00:07:12,236 --> 00:07:14,577 and she found this immense readership. 138 00:07:15,084 --> 00:07:20,704 And just as we've redefined what a book is and how a reader behaves, 139 00:07:20,728 --> 00:07:23,204 we're rethinking who an author is. 140 00:07:23,228 --> 00:07:24,881 In our amateur writing platform, 141 00:07:24,905 --> 00:07:27,915 we have writers that range from teenagers to housewives. 142 00:07:28,315 --> 00:07:30,397 And they're writing all kinds of things. 143 00:07:30,421 --> 00:07:35,863 It starts as small as a poem, an essay, a single short story ... 144 00:07:36,292 --> 00:07:39,739 Fifty percent of them are returning to the app to write again. 145 00:07:40,514 --> 00:07:41,999 Take someone like Neeraj. 146 00:07:42,024 --> 00:07:47,028 He's a middle-aged executive, wife, two kids, a good job. 147 00:07:47,053 --> 00:07:48,815 And Neeraj loves to read. 148 00:07:48,839 --> 00:07:51,673 But every time Neeraj read a book that he loved, 149 00:07:51,697 --> 00:07:53,871 he was also filled with regret. 150 00:07:53,895 --> 00:07:56,505 He wondered to himself if he could write, too. 151 00:07:56,529 --> 00:07:58,974 He was convinced he had stories in his mind. 152 00:07:59,450 --> 00:08:04,410 But time and real life had happened, and he couldn't really manage it. 153 00:08:04,434 --> 00:08:07,648 And then he heard about the Juggernaut writer's platform. 154 00:08:07,672 --> 00:08:11,522 And what he loved about it was that he felt this was a place 155 00:08:11,546 --> 00:08:14,612 where he could stand head and shoulders, equally, 156 00:08:14,637 --> 00:08:17,141 with the very writers that he most admired. 157 00:08:17,165 --> 00:08:18,831 And so he began to write. 158 00:08:19,252 --> 00:08:23,014 And he snatched a minute here, an hour there, 159 00:08:23,038 --> 00:08:25,252 in between flights in airports, 160 00:08:25,276 --> 00:08:28,240 late at night, when he had a little bit of time on his hands. 161 00:08:28,867 --> 00:08:31,184 And he wrote this extraordinary story for us. 162 00:08:31,208 --> 00:08:34,033 He wrote a story about a family of assassins 163 00:08:34,057 --> 00:08:37,057 who lived in the winding lanes of Old Delhi. 164 00:08:37,371 --> 00:08:40,251 We loved it, it was so fresh and original. 165 00:08:40,275 --> 00:08:44,712 And before Neeraj knew it, he'd not only scored a film deal 166 00:08:44,736 --> 00:08:48,011 but also a second contract to write another story. 167 00:08:48,323 --> 00:08:52,190 Neeraj's story is one of the most read stories on our app. 168 00:08:53,619 --> 00:08:56,135 My journey is very, very young. 169 00:08:56,159 --> 00:08:59,911 We're a two-year-old company, and we have a long way to go. 170 00:09:00,984 --> 00:09:04,004 But we already, and we will by the end of this year, 171 00:09:04,029 --> 00:09:07,984 have about half a million stories, many priced at under a dollar. 172 00:09:09,159 --> 00:09:11,935 Most of our readers love reading 173 00:09:11,959 --> 00:09:15,093 and trying out authors they've never, ever heard of before. 174 00:09:15,117 --> 00:09:17,577 Thirty percent of our home page reads 175 00:09:17,601 --> 00:09:21,010 comes out of the writing that comes from our writer's platform. 176 00:09:22,210 --> 00:09:24,321 By being everywhere, 177 00:09:24,345 --> 00:09:26,925 by being accessible and relevant, 178 00:09:27,734 --> 00:09:30,514 I hope to make reading a daily habit, 179 00:09:30,538 --> 00:09:33,761 as easy and effortless as checking your email, 180 00:09:34,800 --> 00:09:36,490 as booking a ticket online 181 00:09:36,514 --> 00:09:38,101 or ordering your groceries. 182 00:09:38,800 --> 00:09:40,395 And as for me, 183 00:09:40,419 --> 00:09:44,516 I've discovered that as I entered the six-inch world of the smartphone, 184 00:09:44,540 --> 00:09:47,006 my own world just got very, very big. 185 00:09:48,484 --> 00:09:49,682 Thank you. 186 00:09:49,706 --> 00:09:53,586 (Applause)