A report published by The Indus Entrepreneurs (TiE) Delhi-NCR chapter and consulting firm Zinnov has revealed that that the Delhi-NCR area is now home to the largest number of startups in the country, reports Business Standard.
The region currently has 7,000 startups, including 10 unicorns. The cumulative value of all these nascent companies is already at approximately $50 billion. The report also estimates that the total valuation can reach $150 billion by 2030, with the potential number of unicorns at 30 by that year.
Startups in Bengaluru, which is generally seen as the most vibrant IT hub in the country, have a cumulative value of only $32-37 billion in comparison, while Mumbai is a distant third at only $10-12 billion.
Commenting on the report’s findings, president of TiE Delhi-NCR Rajan Anandan said, “NCR’s start-up ecosystem has incredible momentum. Despite the progress so far, we believe we are still in Day One.”
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 999/year is the best way you can support our efforts.