However, Bengaluru being the startup nucleus of India, but in the recent times, Delhi NCR has taken that place. Bengaluru maybe called as the technology hub of India, but Delhi NCR is now house to the highest number of startup in India.

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IndianaBeats.Com
DELHI NCR: THE NEW STARTUPS
CAPITAL
April 20, 2018
Delhi Ncr: The New Startup Capital
However, Bengaluru being the startup nucleus of India, but in the recent
times, Delhi NCR has taken that place. Bengaluru maybe called as the
technology hub of India, but Delhi NCR is now house to the highest number of
startup in India.
Bangalore or rather Karnataka has been showered with attention from large
MNCs, VC funds and startup talent over the last couple of years. The city,
which is home to headquarters of successful homegrown companies like
Infosys, Bengaluru also houses the best of the startup names like Flipkart, Ola
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Cabs and a zillion of other names. However, data also suggests that the NCR
region has raced past Bangalore in 2015 in terms of number of companies
being founded.
This falls in-line with data produced by venture debt firm Innoven Capital,
which shows that Delhi- NCR region has overtaken Bangalore in the amount
of angel funding. Delhi-NCR also houses the highest number of online retail
start-ups at 1,288. Companies including ​Snapdeal​, Limeroad, Paytm Mall and
Shopclues are based in the region. As for Mumbai, it is has 645 online retail
start-ups running their operations, followed by Bengaluru at 541. Hyderabad is
home to 127 online retail start-ups.
Analysts say more and more next-generation entrepreneurs are breaking
away from traditional businesses to start their own entities in cities like
Delhi-NCR. “Majority of the start-ups in Bengaluru have been
technology-oriented ideas, most of these were technology professionals.
Many more professionals as well as children of business families are
beginning the start-up journey in the NCR region. This shows that start-ups
that are set up today are not limited to technology ideas but are spreading fast
to financial services, consumer services as well as companies in the
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ecosystem play,” said Sreedhar Prasad, lead, e-commerce and start-ups, at
KPMG.
As a majority of start-ups operate in Delhi-NCR, this has also ensured that the
region receives most of the funds invested by venture capitalist firms.
When entrepreneurship like we know it today, seeped in the Indian economy,
it was cities like Bangalore and Hyderabad that clearly dominated the startup
ecosystem. The startup bug infected the capital much later, even though
entrepreneurship veterans pioneered avenues for entrepreneurship, breaking
stereotypes in the country from right here.
In 2017, NCR which comprises of New Delhi, Gurgaon and Noida is home to
8,772 startups, according to a recent Tracxn Technologies report.
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