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Thursday, October 17, 2019
Delhi / NCR Featured Startups Uncategorized

National Capital Region is also startup capital region

Bengaluru is India’s Silicon Valley, but here’s the surprise: Delhi, Gurgaon and Noida — collectively, Delhi-NCR — together are far ahead in the number of startups they are home to. Another reason to call the National Capital Region India’s startup capital region is that it is home to the highest number of unicorns — companies valued at over $1bn — which underlines the economic might it possesses.

The numbers were revealed in a report launched by Niti Aayog CEO Amitabh Kant in Delhi on Tuesday; at 7,039, Delhi-NCR is a runaway leader in the number of startups, followed by Bengaluru (5,234), Mumbai (3,829), Hyderabad (1,940), Pune (1,593) and Chennai (1,520).

Delhi alone, with 4,491 startups, is well ahead of Mumbai while Gurgaon (1,544), the magnet around which Delhi-NCR’s corporate world revolves, has more startups than Chennai and is almost equal to Pune. Noida, where mobile payment firm Paytm is based, has over 1,000 startups and is catching up with the others fast. In terms of the total startup valuation in India, Delhi-NCR’s contribution is almost 50%.

https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/PrintArticle.aspx?doc=TOIDEL%2F2019%2F09%2F11&entity=ar00300&ts=20190911004527&uq=20190908103919&mode=text

Image via – TOI

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