India ranks third across the globe for having the most number of Startup companies in Technology. India follows the US and UK which occupies the first and second place, respectively.
It is Bengaluru which contributes the largest share of technology startups in the country, followed by Delhi and Mumbai. Metro cities like Hyderabad and Chennai are also quite popular among budding tech entrepreneurs.
The United States of America occupies the top most position with more than 47,000 startup companies and the UK with around 4500 companies. India had registered over more than 4,200 startup companies until date.
IT Hub Bengaluru hosts up to 26 percent of the domestic tech startups followed by the Capital city Delhi (23 percent) and Mumbai which accounts about 17 percent.
Interestingly, Hyderabad and Pune accounted 8 percent and 6 percent of the country’s tech startup companies.
India’s startup programs like Startup India with Make In India and Digital India has the potential to expand the domestic ecosystem for the budding entrepreneurs.
Assocham President Sunil Kanoria shared his thoughts saying: “The disruptive innovation in technology and process is creating newer Indian startups and foreign investors, including some of the well-known venture capital funds, are showing immense interest in these startups.”
Well waiting for more India’s tech stars opt to carve a new route to success at home.