Top Performing Indian Cities In Terms Of The Startup Ecosystem

In the previous memo, we spoke about the leading Indian states driving India’s startup ecosystem. Let’s dig a little deeper and see the Indian cities in these states that are leading from the front.

1/ Bangalore (State: Karnataka)

Total Number of Startups: 2977

Total Funding (2014 & H1 2022): $61.75 Bn

Bangalore notable unicorns: BYJUs, Swiggy, Razorpay

2.1/ NCR: Mainly Gurugram and Noida (Region: Delhi NCR)

Total Number of Funding Deals: 1488

Total Funding (2014 & H1 2022): $32 Bn

Gurugram notable unicorns: UrbanCompany, Zomato, Oyo

2.2/ NCR: Mainly Gurugram and Noida (Region: Delhi NCR)

Total Number of Funding Deals: 1488

Total Funding (2014 & H1 2022): $32 Bn

Noida notable unicorns: PayTM, Pine Labs

3/ Mumbai (State: Maharashtra)

Total Number of Startups: 1578

Total Funding (2014 & H1 2022): $16.99 Bn

Mumbai notable unicorns: Dream11, Nykaa

4/ New Delhi (Region: Delhi NCR)

Total Number of Funding Deals: 919

Total Funding (2014 & H1 2022): $7 Bn

New Delhi notable unicorns: BharatPe, GlobalBees

5/ Chennai (State: Tamil Nadu)

Total Number of Startups: 306

Total Funding (2014 & H1 2022): $3.89 Bn

Chennai notable unicorns: ChargeBee, Freshworks

6/ Pune (State: Maharashtra)

Total Number of Startups: 282

Total Funding (2014 & H1 2022): $3.45 Bn

Pune notable unicorns: FirstCry, ElasticRun

7/ Hyderabad (State: Telangana)

Total Number of Startups: 288

Total Funding (2014 & H1 2022): $2.51 Bn

Hyderabad notable unicorns: DarwinBox, Zenoti

These cities are driving growth for the 5 States/UTs (Karnataka, Delhi NCR, Maharashtra, Tamil Nadu, Telangana) we learnt about in the previous memo. In our next memo, we’ll be looking into more details of what really are the driving metrics in these top Indian states and cities.