Delhi, Mumbai, and Bengaluru have featured among the world's top startup hubs. This is according to a comprehensive ranking of international startup hubs compiled by Startup Genome for its annual Global Startup Ecosystem Report 2022.
Bengaluru stood at Rank 22nd in the top 40 list of world's startup ecosystems. Known as the fastest-growing tech hub, the city is also home to R&D centres for top tech majors likes Amazon, Microsoft, Facebook and Google. The city of Bengaluru and the surrounding state of Karnataka is also the world's fourth largest technology and innovation cluster and home to more than 400+ global R&D centres.
Next in the list ranked Delhi at position 26. The national capital of the country rose to 11 spots and made it to the list of top startup hubs for the first time. It was also adorned with the title of startup capital of India last year by the Economic Survey of the country. Maharashtra's Mumbai too made a beeline after Bengaluru and Delhi with the rank 36 once again this year. One in two startup hubs - or about 47% -- in the top 40 list were from North America. It was followed by Asia with 10 listings.
"India's ecosystems show overall growth in Ecosystem Value, and collectively Delhi, Mumbai, Bengaluru and Pune generated 25 unicorns between 2019 H2 and the end of 2021," the report added. Overall, India added close to 82 unicorns since 2019.
