Delhi-NCR is India`s Startup Capital |
With growing infrastructure and huge developmental prospects, Delhi-NCR has become the newest hotspot for startups in India. It has left behind the cosmopolitans Bengaluru and Mumbai behind in the race and is attracting foreign investors with ease. The NCR region comprises of the Indian national capital Delhi and adjoining cities of Gurugram and Noida. According to a report released by the Niti Aayog, Delhi-NCR is home to 10 unicorns, or those with a valuation of at least $1 billion, with at least one added each year since 2013, compared with the nine and two unicorns that Bengaluru and Mumbai had added, respectively, in the first half of 2019. A total of 7,000 startups were founded in Delhi-NCR since 2009. Bengaluru — considered to be India`s “Silicon Valley"—had 5,234 startups in the same period, followed by Mumbai with 3,829 and Hyderabad with 1,940 startups. Unicorns in the Delhi-NCR region include MakeMyTrip, Info Edge and Indiamart. With 10 unicorns, the cumulative private market valuation of startups in the Delhi-NCR region is currently $46-56 billion, followed by Bengaluru at $32-37 billion followed by Mumbai at $10-12 billion.
|
|
|
|