Bengaluru is India's top start-up hub: Report

Bengaluru has topped several lists for its start-up ecosystem and funding, being named as the biggest hub for start-ups and unicorns in the country, a report said.

Published on: Aug 23, 2022, 16:32:09 IST

By Yamini C S | Edited by Aniruddha Dhar

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Bengaluru has bagged the title of the 'top start-up hub' of the country and the most-funded one as well, according to a report by media firm Inc42.

Bengaluru, Delhi NCR and Mumbai combined make 87% of the total unicorns in India, the report said. (REPRESENTATIVE PHOTO)

The report ‘The State Of Indian Start-up Ecosystem Report, 2022’ said India is the third largest start-up ecosystem in the world with over 57,000 start-ups launched till date.

Also Read: Why will a unicorn logo be installed in Bengaluru? (Hint: It's no mean feat)

The report said India got total funding of 112 billion dollars between 2014 and 2021, compared to China's 624 billion dollars funding, and 1.1 trillion dollars received by the United States. India is minting unicorns faster than China, the report added.

Within the country, Karnataka was on top of the list of states in terms of local start-up ecosystem development with 62 billion dollars in funding. This is in comparison to Delhi NCR's 39 billion dollars and Maharashtra's 20 billion dollars.

Also Read: Bengaluru in top APAC cities for sustainable commercial real estate: Report

The report named Bengaluru as the top start-up hub in India in terms of deal count as well as funding amount. Bengaluru was also the biggest hub for women-led start-ups in terms of venture capital inflow, it added.

“The top 10 start-up hubs of the country. #Bengaluru is at the first position in terms of deal count as well as funding amount followed by #DelhiNCR, #Mumbai, #Chennai and so on,” Inc42 wrote on social media.

Taking a dive into individual markets and sectors, the report said Bengaluru and Mumbai are the top destinations in the country for fintech mergers and acquisitions, with Bengaluru also topping the healthcare sector. “Bengaluru is the top hub for Healthtech start-ups in India, making 32% of the total count,” it stated.

Also Read: Bengaluru among six best cities in the world for expats: Report

Bengaluru also topped the charts for being the best for enterprisetech, the top segment in the city, and deeptech start-ups. Other emerging hubs from Karnataka were Mysuru, Mangaluru, Hubli, Belagavi and Udupi.

The report named the Karnataka Electric Bike Taxi Scheme, Karnataka Innovation Authority Act 2020 and the Engineering R&D Policy 2021 as being some policies which helped its start-up ecosystem.

ABOUT THE AUTHOR
Yamini C S
Yamini CS is a Senior Content Producer at Hindustan Times with nearly six years of experience in digital journalism. She is part of the India News desk, where she works on a wide range of stories cutting across civic issues, city-based developments, politics, governance, public policy, breaking news, trending topics, and international affairs that have an impact on India. Her role involves tracking fast-moving developments, verifying information from official and on-ground sources, and presenting news in a clear, accessible format for a digital-first audience. A significant part of her work includes handling live blogs during major news events, such as elections, court verdicts, political developments, civic disruptions, protests, weather-related alerts, and unfolding national or international incidents. Through live coverage, she focuses on timely updates to help readers follow complex stories as they evolve. Before moving to the broader India News desk, Yamini was associated with the Bengaluru desk at Hindustan Times, where she extensively covered urban governance, infrastructure, traffic and transport issues, weather events, public grievances, and civic administration in the city. This experience strengthened her grounding in city reporting and sharpened her focus on citizen-centric journalism. She began her career as a correspondent with Reuters after completing a postgraduate diploma in journalism from the Indian Institute of Journalism and New Media. Her early training instilled a strong emphasis on accuracy, sourcing, and news ethics, which continue to shape her reporting style. Outside of work, Yamini enjoys reading across genres, listening to music, and spending time with her family, which help her maintain balance in a fast-paced newsroom environment.Read More

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