Indian Version of YouTube ?

MeraVideo is a personal video sharing service that allows people to connect, converse and share their life experiences captured on video. In addition to serving as an entertainment platform, MeraVideo's mission is to help the creators of videos to make money by sharing and distributing their work using the MeraVideo platform.
The users have an option to make their videos public or private. MeraVideo is building a community that is highly motivated to watch and share videos. Our users upload and share thousands of new videos every day making MeraVideo a fast growing video phenomenon.
Also the video creator gets a choice of attaching an ad to the video at the time of uploading. Every single time a viewer clicks on the ad, you get paid.
So are they tring a YouTube for Indians ?

Visit them at
http://www.meravideo.com