Mumbai, Bangalore, and Delhi are among the top cities in the Start-up ecosystem
Mumbai – A nascent stage startup is no different from a toddler. All the start-ups too need to be nurtured with utmost care and conditioned for tackling the challenges that lie ahead. To provide this grooming, several cities in India are preparing themselves for incubating and bolstering entrepreneurial ventures.
Mumbai, Bangalore, Hyderabad, and Delhi are some of the cities which have disrupted the country with their unique business models and expansion scale. The global buzz surrounding the start-up mentality has made it more important than ever to create a breeding ground for innovation and creativity, and it’s great to see that India is also taking this seriously.
According to international startup hubs compiled by Start-up Genome for its annual Global Startup Ecosystem Report 2021, London maintained its second-place ranking tied with New York for the second year in a row. Bangalore also ranked in the top 30 global tech hubs and Delhi made it into the top 40 list, coming in at 36th. Mumbai maintained its first position in the Emerging Ecosystems ranking, outperforming other fast-growing ecosystems in areas of funding, performance, market research, and talent.
This has given rise to several start-up hubs across the country, with the quantity increasing continuously. There has been a paradigm shift when it comes to the importance of 9 to 5-day jobs. Although many Indians still prefer such jobs over conceiving new ventures, some studies report that the number of start-ups in India has grown over 7 times in the recent decade. According to the reports, the number of Indian start-ups in 2008 lingered at around 7000. A 2018 study estimated approximately 50,000 start-ups in existence across India