Top Cities for Launching Start-Ups in India
India is the world’s seventh largest economy in terms of GDP and the third largest in purchasing power parity (PPP) terms. It is one of the fastest growing major economies in the world, and several global enterprises are flocking in to grab a piece of the Indian pie.
However, of late the start-up scenario in the country has shot up immensely and has attracted a lot of investments. Start-ups in India attracted $1.44bn of venture capital funding in the first nine months of 2015. This amount exceeded previous year’s investment.
The start-up scene in India is beginning to take off with more and more companies achieving a billion dollar valuation. The success of these start-ups are spread across various cities boasting of different cultures, strengths and weaknesses; infrastructure, talent, property rates, access to funding are all important.
Top Cities for Start-up in India
If you are planning to launch a start-up, here’s a list of all the top cities in India where you can think of making it big with your start-up.
Popularly termed as the Silicon Valley of India, Bengaluru is home to 5 out of the top 8 start-ups in India. This city is currently the Mecca for start-ups in India. Flipkart, Ola, InMobi, Quikr and MuSigma are all valued at more than $1 billion.
It is Bengaluru’s infrastructure that nurtures entrepreneurship. Having built on the legacy of its IT services, to create an eco-system that comprises talent, investors, R&D grants, and proper competition. On top of it, the city boasts of an excellent weather round the year.
Start-ups like InMobi relocated base to Bengaluru from Mumbai because of better engineering, technology and talent available in the city. These start-ups have generated several IT jobs in Bangalore that are attracting a lot of talent pool.
The industrial hub of Gurgaon is also home to a lot of start-up organizations. The city has come a long way since the 1970s when Maruti Suzuki first set up its plant here. Today Gurgaon is home to more than 200 500 Fortune companies. IT giants like Google and Microsoft already have a strong presence in the city. Today, Gurgaon boasts of a number of start-up companies like Shopclues, Grofers, Toposo and others. The city’s vicinity to Delhi and other factors like good infrastructure makes Gurgaon a good place for start-up organizations.
The maximum city can be termed as the next Bengaluru because of the start-ups that have been launched in here. The cost of living and rent in Mumbai is quite high which is bad news for investors and even entrepreneurs. Despite that, the city has witnessed a rise in start-up organizations over the past few years.
Mumbai’s success stories in the start-up domain include names like Haptik, WizRocket and TinyOwl. These start-ups have made a mark for themselves in the industry and are already worth more than $1 million. While there are no start-up unicorns in the city, the very fact that Mumbai offers a great entrepreneurial set up is enough for start-ups to be launched here.
Hyderabad, the city of Nizam’s has all the right ingredients to for a thriving start-up community. The city provides an excellent infrastructure, available talent government sponsored incubators such as THub. It is also home big giants like Amazon and Google and also institutes like IIT Hyderabad and Indian School of Business. The overall infrastructure of the city provides ample options for start-ups for aspiring entrepreneurs. The universities in Hyderabad provide ample scope for entrepreneurs to work for and set up their business.
The largest commercial city in north India and of course the country’s capital, New Delhi is also home to a number of start-ups. Needless to say that the city offers all that is required to launch a start-up organization. Certain names like Snapdeal, Zomato and Paytm are doing extremely well in this city. All across Delhi, several start-up organizations have come up and all of them are doing extremely well.
New Delhi co-hosted the Start-up Capital Conference few days back — a though leadership event with special focus on Start-ups.
Known as the Detroit of India, Chennai’s stout infrastructure provides substantial opportunities for start-ups. Its booming auto industry has had a huge impact on the ancillary sectors. The city is only next to Mumbai and Bengaluru in terms of finance and IT industry. Chennai’s existing infrastructure offers ample opportunities to entrepreneurs who start off their business with ease here.