Bengaluru in top cities list for nurturing startups

Singapore is the only other Asian city on the list prepared by Compass

GN Bureau | July 28, 2015


#startups   #bengaluru   #compass   #silicon valley   #Singapore  

Silicon Valley remains at the top but Bengaluru is home to the world's 15th-best startup ecosystem in the world.

According to a global Startup Ecosystem Report published by Valley-based startup benchmarking firm Compass, it is up from 19th three years ago. The IT capital of India is ranked number 10 in the valuation and number of startups and number 6 in access to funding. However, surprisingly the city lags behind in talent and market reach.

The report said that Bengaluru showed five-fold increasing in exits, quadrupling VC investment, and having the highest growth in the number of seed investments. Its growth index has been ranked second only to Berlin.

Singapore is the only other Asian city on the list. The top 10 ecosystems include seven cities in the US, with Silicon Valley taking the lead. Tel Aviv and Berlin make up the rest. This is the second startup ecosystem report from Compass, the first being in 2012.

The report excludes China, Japan, and South Korea due to language constraints in data collection.

Singapore jumped to tenth position from number 17 in 2012 as it has access to  funding, market reach, and startup experience. However, like Bengaluru, the city-state was wanting in talent as it ranked last for talent access.

Across the top 20 ecosystems, total exit growth rose 78 per cent annually from 2012 to 2014. Bengaluru contributed to 0.20 per cent of global exit value

The startup stats:

The total number of startups in India: 3,100

India's rank is 5th in the world in startups after the US, the European Union, Canada and China.

Bengaluru is where most of the funded startups are based, followed by New Delhi and Mumbai.

690 funding deals took place across 566 tech startups in India in 2014-15.

At $1.7 billion, Flipkart got the highest funding in India in 2014, followed by Snapdeal at $637 million and Ola at $250 million.

The venture capital funding to startups in India till date in 2015 is $3.1 billion.

Comments

 

Other News

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Skin in the game or masterful market timing?

When a company founder opens their personal chequebook to buy shares in their own business, stock markets usually applaud. To the average retail investor, it feels like the ultimate vote of confidence, a sign that the people running the show have real skin in the game and believe brighter days are ahead.

India’s freedom struggle was shaped by wider Asian political thought

As we mark 80th anniversary of independence, ‘Asianism and the Fall of Empire’ (HarperCollins India) by historian Mithi Mukherjee offers a new perspective on Ind

What is colonialism? A relook at modern history

The Chromatic World Order: The Fiction That Rules Our World  By Sajid Mohamed Aakar Books  

Monsoon session of parliament adjourns sine die

The Monsoon Session, 2026 of Parliament which commenced on July 20 was adjourned sine die on Thursday. The session provided 19 sittings spread over a period of 25 days.   During the session 11 Bills were introduced in Lok Sabha and 2 Bills were introduced in Rajya Sabha. 12 B

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter