According to a new report, Delhi NCR has now replaced cities such as Bangalore and Mumbai as the start-up hub of the country. In addition to housing the largest number of active start-ups, Delhi NCR leads in the number of unicorns.
It has the highest cumulative private market valuation with three out of four most valuable listed internet companies driving their businesses from the city. This is a revelation from the report titled, ‘Turbocharging Delhi-NCR Start-up Ecosytem’, which was released by the not-for -profit organisation TiE Delhi-NCR and a management consulting firm Zinnov.
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Discussing the report, Rajan Anandan, President of TiE Delhi-NCR says, “NCR’s startup ecosystem has incredible momentum. What’s encouraging about the ecosystem in Delhi-NCR is, that it has a wide mix of companies across sectors which represent 23 per cent of all start-ups in India.” He even believes that NCR has the potential to become one of the top five global start-up hubs.
Source: SME Futures
