Bangalore Start-ups Witnessed More Capital Inflow than Delhi-Mumbai combined By CIOReviewIndia Team

Bangalore Start-ups Witnessed More Capital Inflow than Delhi-Mumbai combined

CIOReviewIndia Team | Wednesday, 18 December 2019, 13:35 IST

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Bangalore Start-ups Witnessed More Capital Inflow than Delhi-Mumbai combined, says Karnataka Vision Fund ReportBangalore, the Silicon Valley of India, is showing no decline in attracting new investments in the form of tech start-ups.  According to a recent report by Karnataka Vision Fund, start-ups in the city have raised over USD 31 billion in the last decade, which is over 45 percent of the total investment flowed into the start-up ecosystem of India, indicating a clear dominance over other cities in the country.  Bangalore has witnessed more capital inflow than the cities of Delhi and Mumbai combined, as per the report.   

Bangalore Continues to be India’s IT Leader

The report prepared by the top investment and research firms such as Accel Partners and Traxcn Technologies examines closely the ingredients that make Bangalore such a great incubation centre for early-stage ventures. The report also evaluates the performance of the ecosystem on various parameters such as the number of start-ups founded, number of unicorns in the city and average fundraise size, etc. “Bengaluru has been India's technology capital for over three decades now. With its robust heritage of premier R&D laboratories, academic institutions, and public sector focused firms, Bangalore was the pivotal city that led to India's IT leadership in the world. These IT companies helped put India on the global map as the software industry permeated every sphere of business,” said Prashanth Prakash, chairman, Startup Vision Group-Karnataka.  

“Bangalore is the preferred destination for late stage investors with over 55 per cent of Series D+ investments in the country flowing into local start-ups. With 14 unicorns with a cumulative valuation of USD 61 billion, the city has been the biggest driver of the India start-up growth story,” says CN Ashwath Narayan, Deputy Chief Minister of Karnataka, speaking at the release event of Karnataka Vision Fund report.

Since 2010, the city witnessed the launch of over 9,346 tech start-ups. Emerging technology verticals such as Deep Tech could help the city become a global hub of excellence in future. Strong supporting infrastructure and recent policy innovations such as the world’s first pan-sector regulatory sandbox are expected to push innovation in the city further and drive more revenue.

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