Tuesday, June 20, 2023

Bengaluru's startup environment came in 20th place overall


BENGALURU: In Startup Genome's "Global Startup Ecosystems Report (GSER) 2023)," Bengaluru has risen two spots to the 20th spot. New York City and London were tied for second place, with Silicon Valley continuing to hold the lead. As a result, all three of the top ecosystems have maintained their positions as of 2020.

Pune now ranks among the emerging ecosystems in the 31-40 range in 2023, up from 51-60 in 2022. Mumbai and New Delhi came in at number 24 and number 31, respectively. GSER is a comprehensive examination of global startup ecosystems.

The report, now in its 11th year, provides a comprehensive analysis of the world's leading startup ecosystems while keeping an eye on emerging trends and obstacles that entrepreneurs face. Due to India's expanding digital public infrastructure, which has proven to be a game-changer, a number of Indian cities have risen several notches in the rankings.

J F. Gauthier, CEO and founder of Startup Genome, wrote that "the provided growth in tech impacted countries to very different degrees, and this is reflected in movements in the global rankings."

"India is rising due to its leading growth in 2021 and 2022, and this trend may well continue," Gauthier came in. In the meantime, all of the major ecosystems in China fell in the overall rankings.

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