Startup Hubs in India, Zeal for Growth
Startup Hubs in India, Zeal for Growth
India, the third-largest startup ecosystem in the world is a key place for emerging successful entrepreneurs. There are various cities in India that new entrants in the industry are looking forward to leverage growth opportunities for their startup providing services across the globe. Every Indian city is classified by their diversity but there is one key feature that holds them all under the same umbrella, the zeal for a startup.
The mega-cities of India including Mumbai, Delhi and Bengaluru, etc offer a paced up environment where the streets are full of traffic and working hours are usually wasted in travelling to the offices while the people are stuck in the notorious traffic. Having mentioned that, one cannot ignore the opportunities these cities offer that are essential for many entrepreneurs to set up their businesses. If you are a budding startup owner, who is planning to find a perfect market for your brand then, here you go; these are the top startup hubs in India:
Bangalore Startup Hub
Entrepreneurs, especially tech entrepreneurs have this location in the top of their lists when it comes to initiating their start-ups. The city offers an extraordinary blend of hi-quality talent, cheap real estate, capital with a long chain of investors and mentors, and last but not the least, a supportive government. With all the features that ease the life of an entrepreneur, the government has announced of launching Asia’s biggest startup warehouse, Internet of Things Lab etc., making Bangalore a perfect place for starting up. The city presently hosts a wide range of start-ups including Ola, HackerEarth, FreeCharge, Myntra, Flipkart and Bigbasket.
Delhi NCR Startup Hub
Delhi NCR is a location where various budding entrepreneurs found their starting points. The all-time trading hub due to the large acumen of Punjabi and Marwari traders, Delhi, today, has a high number of active start-ups. While NCR has a huge number of consumer products and services startups including renowned names like Oyo Rooms, Paytm, Delhivery, Hike, Paytm Mall, etc. The adjoining cities of Noida, Gurugram and Faridabad have got a strong customer base and relatively low real estate cost.
Recently with 10 unicorns with a valuation of at least $1 Billion, Delhi is has gained a good market valuation of start-ups. Bangalore and Delhi are the two hubs that stand head and shoulder ahead of other hubs in terms of startup formation and activity along with being the home base for large tech companies.
Mumbai Startup Hub
Mumbai, the city that has been known as the city of dreams and the financial hub of India is already hosting successful brands and their headquarters. But as mentioned it has also become one of the top spots for entrepreneurs to shape their dreams into reality. Many budding entrepreneurs find Mumbai as their home, and why not as it has already produced these top startups that made it big while being Mumbai based including Quikr, Pepperfry, Toppr, Bookmyshow, Ola Cabs, Nykaa, Haptik, etc. The inefficiency in creating a strong public infrastructure has left it with an immeasurable scope for improvement. It is also known for high real estate price which is a strong point in the con side. Still, it is one of its top three startup destinations and the Mumbai startup ecosystem is growing.
Chennai Startup Hub
Chennai, Detroit of Asia is forth on the list of startup hub location in India and it is quickly taking over as a hotbed for technology-based startups as it is making its presence felt by opening companies specifically related to SaaS(Software as a Service). Attracting talents from all across the country, Chennai has been home to the successful start-ups like Zoho, FreshDesk, Unmetric. With the city’s paced startup ecosystem, IITM has also shifted gears as its four incubators; eight centres of excellence and a new Research park are nurturing the deep-tech start-ups. Located deep down south, the city of Chennai has steeped in its rich culture and has a society that introverted in its world view.
Hyderabad Startup Hub
Hyderabad is famously called the IT hub of India and why not it home to thousands of startups in the country and it also houses quite a number of incubators, accelerators, and co-working space which are beehives of activity. The city has a strong entrepreneurial DNA that has enabled India to a new level with the help of technology.
Affected by the political reasons, various companies dwelt in the city while thousands of SME’s moved out of the city when Telangana was carved out of erstwhile Andhra Pradesh, but the city has managed well to be back on its feet again. It houses some of the biggest companies like Google, Facebook, Microsoft, IBM, Dell along with start-ups like Mapmygenome, Appvirality, MartMobi are getting nurtured in the city.
Everything about a startup is related to a vision, and the location where it is established is very important in order to make sure that one gets a proper chance at trying to make it big. Indian startup hubs are getting bigger offering more developed market for start-ups and one can select any location from the list of cities outlined above to give a structure to their business idea.
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