India is not only world’s fastest-growing economy but also the world’s fastest growing startup ecosystem is based here. With an investment of over five billion dollars; India has become one of the top spots with startup companies coming in every day.
Today here you can find the top 6 Indian cities for start-ups:
Chennai is also known as the Detroit of South India for it’s booming automobile industry. In fact 30% of the India’s automobile industry and 40% of it’s auto components industry is based here.
In the number 5 we have Mumbai. Mumbai was India’s financial and commercial capital. Also Five of the fortune Global 500 companies are based in Mumbai. Moreover Mumbai is favorable but expensive place to start your business.
Forth is Hyderabad. Hyderabad is one of the major IT destination in India. It is an IT metropolis. Also it is becoming the center for pharmaceuticals and agribusiness related start-ups as well. Hyderabad homes major tech companies like Google, IBM and Dell.
Start-ups are not able to function in other cities due to cost infrastructure and market constraints. Move to cities like Pune, the city will benefit from it’s thriving automobile IT and biotech industries.
23% of the start-ups in India concentrated in Delhi-NCR. Largely focused on e-commerce the region has always been a traders hub and a crucial source of procuring raw materials.
Bangalore is often called as Asia’s Silicon Valley due to it’s effective ecosystem. It is the great fusion of high quality talent, cheaper real estate, better access to capital with a high density of investors and mentor-ship support. Also it’s the winner of our today’s list.