Bangalore is one of the largest IT services exporters in India. Famous tech companies such as Wipro and Infosys have Headquarters there. This city is the treasure of engineering and analytical talent which is essential for the startups. Leading educational institutes are also there.
If we say about the opportunities in Bangalore, there is largely young tech talent available there. Many big educational institutes such as IISc, IIMB, NID R&D campus, etc. are there. There are a rich atmosphere and social life. So, it brings out many opportunities to startups as well as a small business.
Many startups moved to Bangalore Due to its startup ecosystem in the city. Big companies such as Ola and Flipkart moved to this city although they have started business in Mumbai. The infrastructure of that city is very good as compared to other cities.
Just like a startup needs an idea to be born, it needs money to grow big. Venture capital is financing that investors provide to startups and small businesses that are believed to have long-term growth potential. For startups without access to capital markets, venture capital is an essential source of money. Accel Partners, ArtimanVentures, Ascent Capital Advisors, etc. are the active VC financers of the Bangalore.
Ease of doing business
According to India’s Business Reform Action Plan, 2017 – a joint initiative between the World Bank and the Department of Industrial Policy and Promotion (DIPP) – the state of Karnataka is the 6th best Indian state in terms of ease of doing business, up from ranking 13th in 2016.