Representational Picture  |  Photo Credit score: PTI
Delhi NCR and Bengaluru have been locked in a battle for years now. The important thing flashpoint: Which area qualifies as India’s startup hub? The unique Silicon Valley Bengaluru or the Delhi NCR region- with its rising share of startups or unicorns?
A report by TiE Delhi-NCR and Zinnov in 2019 declared Delhi NCR the winner if you happen to go by the quantity of startups and likewise the variety of unicorns it has. However how do the 2 areas stack up when it comes to contemporary funding, particularly in a robust yr like 2020?
Delhi NCR might have essentially the most variety of startups however Bengaluru continues to win relating to the variety of offers and quantity raised, in line with knowledge by Enterprise Intelligence. For the primary 8 months of 2020, that’s, between January and August, Bengaluru clocked 144 offers value $2.635 Billion in comparison with Delhi NCR, which clocked 107 offers value $1.262 throughout the identical interval. Mumbai got here third, with 65 offers value $613 million, adopted by Chennai, Pune, Hyderabad and others.
The highest VC investments by sector in Bengaluru startups embody Training with firms equivalent to Byjus, Unacademy and Vedantu…Meals with gamers like Swiggy, Freshtohome and Yogabars. Adopted by Fintech, e-commerce, well being tech and mobility.The highest VC investments in Bengaluru startups and unicorns throughout this era embody Byjus, Swiggy, Postman, CureFit and Unacademy.
Whereas Bengaluru and Delhi NCR proceed to slug it out, different cities equivalent to Chandigarh have come into prominence lately as founders favor to avoid Bengaluru’s notorious visitors or Delhi’s air pollution. With distant working, widespread web adoption and broadband connectivity, India might see a number of startup hubs emerge within the coming years as they now have higher entry to tech expertise