Capital advantage

Bengaluru may be known as the tech city of the country, but a recent report sheds light on how the capital is gaining an edge when it comes to start-ups

Published a year ago on Oct 17, 2019 Read
Vishal Koul

Home to some of India’s biggest start-ups and unicorns such as Zomato, Paytm, OYO, and others, Delhi has zoomed past hubs such as Mumbai and Bengaluru to host the most number of active start-ups in India. According to a report titled Turbocharging the Delhi-NCR Start-up Ecosystem by TiE Delhi-NCR and Zinnov, Delhi-NCR has a “thriving ecosystem with over 7,000 start-ups, 10 unicorns and a cumulative valuation of approximately $50 billion”. Moreover, the region has added at least one unicorn each year, since 2013. Given the region’s good infrastructure, ease of doing business and access to a vast belt of consumers across the income spectrum, Delhi-NCR has proven to be a transformation hub. While the scene appears to be booming, the report also mentions that the pace of new start-ups being founded has slowed down in the past two years and access to seed funding needs to be improved. Only 10% of India’s incubators and 8.5% of accelerators are present in a region with 23% of India’s start-ups, leaving unexplored gaps. The report suggests that “with appropriate interventions, Delhi-NCR will become one of the top five global start-up hubs with 12,000 start-ups, 30 unicorns and cumulative valuation of ~$150 billion by 2025”.