Since the last two decades, the startup culture is advancing popularity across the world. India, the world’s seventh-largest economy in terms of GDP and the third-largest in terms of purchasing power parity (PPP), is also claiming a rank in the emerging startup world. After 2005 there is a sudden surge in startup registrations in India. Undoubtedly, it is one of the fastest-growing economies of the world and a considerable number of global enterprises are flocking to the economic territory to grab a piece of the Indian pie.
Conjointly, in recent years, the country has managed to emerge as a capital for cutting-edge technology and disruptive innovation. Presently the country is a residence to the world’s largest youth population. It’s very fascinating to know that the nation’s economic growth is driven by the booming startup club.
Albeit multiple Indian cities are admitting the best environment for startups but unfortunately several of the arent capable of withstanding the startup culture. Only a few can bear the flab of a startup hub. Following are the few major factors taken into consideration before choosing a city for startup registration and it’s establishment:
- Startup Goal
- The target audience of the company
- Availability of the Financial Resources
- The infrastructure required and that the city is providing
- Flourishing Domestic Market
- The proximity of Intellectual Talent
- Connectivity via Transportation
- Internet and Miscellaneous
Below listed are the top Indian Cities that have undeniably the best infrastructure to establish your startup venture:
#1 BENGALURU, The Silicon Valey of South-East Asia.
Hub of the nation’s largest IT Services exporter and home of almost all the web-startups. All the tech biggies like Infosys, Wipro, and ISRO are headquartered here. The nation’s leading educational institutes like the Indian Institute of Science (IISc-B), Indian Institute of Management (IIM-B), National Institute of Fashion (NIFT-B), National Institute of Design (NID & RD Campus – Banglore), National Law School of India University (NLSIU) and National Institute of Mental Health and Neurosciences are based here too. In addition to this amicable weather and a vibrant nightlife.
The city provides a perfect ecosystem that supports startup ventures. In no possible way, the city is cheap but has a store of wonderful opportunities. Bengaluru is the prime destination of major startups like Flipkart, Ola, InMobi, Quikr, MuSigma, Paytm, etc.
The city is located in India’s Deep South and blissfully represents the modern face of India with a home to a large youth community. It is considered to be one of India’s most progressive cities. Koramangala is a renowned startup neighborhood where the local cinemas run ads for software development jobs before beginning with the film screenings. The aestheticism is spreading from Koramangala to HSR Layout where an increasing number of startups are attracting restaurants, bars, coffee shops, cafes – creating a virtuous circle.
The city provides the perfect storm of companies going public, successful founders becoming business archangels, and supporting a new age of entrepreneurship. The elite talent around the globe is starting to realize that Banguluru could be their city of dreams, creating global significance.
#2 GURGAON, Industrial Hub of India.
Gurgaon, based in the National Capital Region (NCR) of Delhi is an industrial hub. The city has managed to become a home for over 250 Fortune 500 companies. The assorted international companies like Coca-COla, Pepsi, IBM, Microsoft, American Express, Bank of America, and alike are headquartered here.
Being one of the eminent tech hubs of the country, the city is also home to the headquarters of various big startups like MakeMyTrip, Zomato, Quikr, Ixigo, etc.
The global startup ecosystem has noticed that the city has produced some of the promising startups. The budding and efficient financial and industrial sectors in Gurugram are prospering, making it a promising arena for catapulting startups. From advanced infrastructure to cheaper accommodation to high-end technology and the hard-working culture, Gurguram has all of it.
#3 MUMBAI, The Financial and Commercial Capital of India.
India’s top conglomerates including Larsen & Turbo (L&T), State Bank of India, Tata Group, Reliance, Life Insurance Corporation of India (LIC), Godrej, and five fo the Fortune Global 500 Companies are headquartered in Mumbai.
The most populous city of India and the 9th largest of the world has more than 18 million residents which guarantees a sizeable entrepreneurial community. It houses most billionaires and the millionaires in India and is founded in the cosmos of voluminous business and entertainment industry than tech or IT. The cost of living is way too high and the per capita income is $7,300, making it more than 3 times the national average.
There are a thriving tech and IT industry, centered at the Santa Cruz Electronics Export Processing Zone (SEEPZ) and International Infotech Park in Navi Mumbai, helping to provide a state of the art resources and opportunities to young IT Companies. SSEPZ provides excellent networking opportunities, mentoring schemes, investment opportunities, and liberal economic laws designed to promote rapid growth to young and overseas entrepreneurs through tax and business incentives. It is home to Electronic Hardware Manufacturing Companies, Jewellery Exporters, Software Companies, and alike. Also, the Powai Valley is continually gaining the reputation of a startup-hub in the city.
With a talent source, the Indian Institute of Technology – Bombay there is no shortage of talent to water the mushrooming startups. It is due to the esteemed training by IIT-B has seen its alumni turn into successful founders of startups like Ola and Toppr.
Cleartrip, Haptik Messaging App, BookMyShow, WizRocket, and JustDial are a few of the success stories that Mumbai has witnessed.
#4 HYDERABAD, The City of Pearls.
The pearl city contributes approximately 8% of the country’s comprehensive startup activities. The city is certainly cheaper than Banglore and has been ranked as the second-best Indian City to do business in 2005 by the World Bank Group. Indian companies like Defence Research and Development Organisation (DRDO), Bharat Heavy Electricals Limited (BHEL), Centre for DNA Fingerprinting and Diagnostics (CDFD), Hindustan Aeronautics Limited (HAL), and major global companies like Microsoft, Google, IBM, Yahoo!, Dell and Facebook are headquartered here along with the offices of major Indian enterprises including Tech Mahindra, Infosys, Tata Consultancy Services (TCS), and Wipro are located here. Due to the highest number of Special Economic Zones (SEZs), the pearl city is emerging as a lush arena of opportunities for the budding entrepreneurs.
#5 NEW DELHI, Largest North Indian Commercial Center.
Delhi, the capital territory of India houses the nation’s largest and fastest-growing retail industry. New Delhi has emerged as the largest commercial city of North India with a wide skilled English speaking workforce and multiple large industries – Information Technology, telecommunications, hospitality, banking, media, tourism along with the presence of major multinationals. A notable difference between Delhi and Bangalore is that the entrepreneurs of New Delhi primarily focus on target and money while their counterparts in Bangalore adopt a Silicon Valley kind approach.
Undoubtedly Delhi is the heart of startup conferences and meets, creating abundant opportunities for network building. With a quondam business tradition, the capital is home to a diverse set of enterprise groups and often a preferred source for raw material procurement. Furthermore, a noticeable trait of the city is the rapid expansion of industrial development accrediting to the surrounding places of Noida and Gurgaon as business hubs and easy startup registration.
The capital city is also home to the two top media houses – Times of India (TOI) and Hindustan Times (HT) that actively participate in supporting startup ventures along with the presence of the best infrastructure of the nation. New Delhi is an easily accessible place due to its versatile and easy metro connectivity. Delhi’s ecosystem supports e-commerce activities, largely due to greater per capita spending along with a strong founder-investor relationship.
Despite the above-mentioned favors, an increasing crime rate is a drawdown factor for the city governed by women’s safety.
#6 CHENNAI, Detroit of India.
The city houses a booming automobile industry. 30% of the nation’s automobile industry and 40% of the auto components industry is established in Chennai. Chennai ranks as the second IT export hub of the country. The city hosts the manufacturing units of Hyundai, Renault, Nissan Motors, BMW, Ford, Robert Bosch, and Mitsubishi along with offices of major financial institutions like The World Bank, Abu Dhabi Commercial Bank, The Royal Bank of Scotland, and Sumitomo Mitsui Banking Corporation. Major telecom and electronic manufacturers like Nokia, Dell, Wipro, Zebronics, Siemens, and Foxconn also have their offices in Chennai. Startups like Zoho, FreshDesk, Stayzilla, India, and Caratlane are climbing the mountains of success with their skyrocketing profits.
The city does favor the startup culture but lacks investor connectivity.
#7 AHMEDABAD, Manchester of the East.
Ahmedabad is primarily known for its textile industry, besides being one of the largest exporters of gemstones and jewelry in India. The city has a pro startup culture with the best talent and entrepreneurs offered through the eminent education institutes like IIM-A, DA-IICT, and EDI. The promotion of entrepreneurship, startup registrations, and ventures along with hacking culture has managed to bring positive changes in the startup jurisdiction of Ahmedabad.
The Adani Group and Nirma are headquartered here along with the two biggest pharmaceutical companies of India – Zydus Cadila and Torrent Pharmaceuticals.
Ahmedabad is a leading entrepreneurial city of western India primarily because of low operational costs, support & ecosystem by incubation entities, and talented human resources accompanied by liberal business policies by the Gujarat State Government.
#8 BHUBANESHWAR, The Best Indian City for Startup Ventures
The city has been ranked as one of the best cities to carry out business in India by the World Bank. It has managed to emerge as a booming commercial and trading hub of eastern India. The economic condition of the city has undergone a voluminous change over the years. The capital city of Odisha has a majority of its population under the age of 30 and hence comes across as a hotspot for several successful startups. Due to its evolution in every possible sector, it is attracting a lot of global entrepreneurs too.
Major software and IT giants like TCS, Wipro, Genpact, MindTree, Firstsource, and IBM have set up their offices in Bhubaneshwar. Added to it the city also houses several small and medium IT companies and business startup ventures.
#9 KOCHI, Queen of Arabian Sea.
The city of Kochi has a lot more on its palate to offer than just its amazing beaches and architectural marvels. The city is inland to 679 startups. The launch of The Incubator Model and the Startup Village has marked the success of Kochi and has attracted many newcomers in the entrepreneurial sector. It has been observed that the city has a vast market and opportunities for a software product.
Not to forget, the city has Mou signed for sharing ideas and technology with California-based Menlo Park City.
#10 COIMBATORE, Manchester of South India
The lively city of Coimbatore is majorly famous for its textile industry but has a lot to offer.
The city has two Special Economic Zones (SEZ) – the Coimbatore Hi-Tech Infrastructure Special Economic Zone (CHIL SEZ) at Saravanampatti and TIDEL Park SEZ near Peelamedu.
The city posses the second-largest Cognizant Technology Solutions hub in India. Coimbatore has offices of IBM, GmbH, Wipro, Dell, Ford, and Robert Bosch. The city produces numerous talented engineers every year as it has some leading engineering colleges located here.
#11 PUNE, Developing IT Hub
Pune is a thriving startup ecosystem with companies majorly focusing on marketing, education, and e-commerce. it is the developing IT hub within the Maharashtrian State. The city accommodates some of the well-reputed engineering colleges of Maharashtra and hiring professionals is quite cheaper here in comparison to Bangalore and Mumbai. The primary attraction for bussing entrepreneurs is the availability of office spaces at cheaper rents.
The city’s proximity to Mumbai is also an added advantage. Undoubtedly in the coming years, the city is going to emerge as one of the largest startup hubs of the country.
#12 CHANDIGARH, Dream City
The beautiful and clean city of Chandigarh has a long association with entrepreneurship and is home to the country’s first private sector incubator Morpheus, giving room to 82 startup companies until it’s shut down last year. The neighboring cities of Mohali and Panchkula act as the operational centers for various companies like Dell, IBM, HDFC, and Infosys. With the set up of Rajiv Gandhi Tech Park, the government is trying to extract full potential and aim to transform the city into an IT hub.
#13 KOLKATA, Prime Commercial and Financial Hub of East & North-East India.
The new fashion of startups is prospering in the capital city of Bengal as well. Undoubtedly Kolkata has a vast potential for hosting startups because of the fresh and new sector in the city. Everyone from businessmen, investors, government to the public are slowly getting in terms with the startup culture and trying to establish themselves to contribute to the market. Top Indian companies like ITC Limited, National Insurance Company, Exide Industries, Coal India Limited, and Britania Industries are based in the beautiful city of Kolkata.
The NASSCOM Warehouse Co-Working Space located in Salt la has partnered with the Bengal State Government to attract new business ventures. The major setback for the city’s growth is the absence of a strong investor base along with complicated bureaucratic problems.
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