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

NIEPID, Jai Vakeel Foundation sign MOU to scale quality education for Children with Intellectual Disability

To address the need for a uniform curriculum for children with Intellectual Disability in India an MOU was signed between the National Institute for Empowerment of Persons with Intellectual Disabilities  (NIEPID) and Jai Vakeel Foundation(JVF) in the presence of Rajesh Aggarwal, secretary, department

Why Right to Peace matters

The world has become less peaceful over the past few years, chiefly because of external armed conflicts. While the world leaders claim to value peace and the respect for human rights and commit to restore peace when it is breached, the global peacefulness remains defined by conflicts, deaths, and the large

Rise in gold prices: Boon or bane for the Indian family?

In India, gold is not just a commodity; it is tradition, sentiment, security and status rolled into one. It sparkles in wedding ceremonies, rests silently in lockers and forms the bedrock of generational wealth for millions. It is no exaggeration to say that Indians do not merely buy gold – they pres

Beyond participation: Why Indian women need economic justice

India pronounced its commitment to gender equality, decent work and inclusive participation in economic, political and social spheres for women. While the rhetoric of progress fills the air, the lived reality for millions of women in India paints a starkly different picture. Despite carrying a heavy worklo

NSE ranks 4th globally in IPO fundraising

The National Stock Exchange of India (NSE) has emerged as the fourth largest exchange in the world in terms of IPO fundraising during the first half of calendar year 2025 (H1CY25), according to data from S&P Global Market Intelligence. Between January and June 2025, the NSE raised $5.51

On World Youth Skills Day, let’s ask: What will it take to retain Gen Z?

On World Youth Skills Day, observed every year on July 15, we’re reminded that the future of any economy depends on how well it invests in its youth. In India, where over half the population is under 30, the question of youth skills is not just about employment, it’s about meaning, wellbeing, a

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter