Monday, August 22, 2016

Largest Share of Technology Startup in Bengaluru, Says Assocham Report

Bengaluru is host to the largest share of technology-driven startups, followed by Delhi-NCR and Mumbai, while Hyderabad and Chennai are also quite popular among those techies who are budding entrepreneurs, according to a study by Assocham.

The study done in association with the ‘Thought Arbitrage’ found that in the technology-driven startups, India has moved up to the third position, with the US occupying the top position, with more than 47,000, and the UK with over 4,500 startups. India’s tech startups number around 4,200 up to 2015. 

In terms of total number of startups, comprising tech and non-tech areas, India again figured among the five largest hosts in the world along with China. The number of startups in both India and China was 10,000 each. The US is at the number one position among the overall list of 83,000 budding entrepreneurs. 

Of the Indian startups, riding on technology, IT hub Bengaluru was host of 26%, followed by NCR with 23%, and Mumbai with 17%.  In the ‘catching up’ category fell Hyderabad with 8%, and Chennai and Pune with 6% each.

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