Singapore is the only other Asian city on the list prepared by Compass
GN Bureau | July 28, 2015
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.
Yield gaps in wheat production in India can be countered with an earlier sowing date, says a University of Michigan researcher. Using a new way to measure wheat yields, Meha Jain, assistant professor at the U-M School for Environment and Sustainability, found that the wheat yie
Kharpariya village, about 50 km from the headquarters town of Madhya Pradesh’s Mandla district, is like many villages in the region, home to the Baiga, deemed a particularly vulnerable tribal group (PVTG) for whom permanent contraception methods are banned to prevent extinction. However, care for p
Somabhai Modi says he remembers only one occasion when he offered his younger brother prime minister Narendra Modi advice regarding work. This, he says, was when Modi was chief minister of Gujarat. After one of his weekly grievance redressal sessions, the then chief minister had enquired after the well-b
Should ration cards not linked to Aadhaar be rendered ineligible?
INS Kiltan, the third anti-submarine warfare (ASW) stealth corvette built under project 28 (Kamorta class), was commissioned into the Indian Navy by defence minister Nirmala Sitharaman at the naval dockyard in Visakhapatnam. The anti-submarine warfare stealth corvet
Maharatna enterprise, Steel Authority of India Ltd. (SAIL) has supplied defence grade micro-alloyed grade of steel (DMR 249A) steel plates for the indigenously built anti-submarine warfare (ASW) stealth corvette INS-Kiltan commissioned into Indian Navy. SAIL’s integ