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.
Opportunities in all Sectors
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 top the Fortune Global 500 Companies are headquartered in Mumbai.
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, Mumbai has seen its alumni turn in successful founders of startups like Ola, Cleartrip, Haptik Messaging App, BookMyShowand JustDial. These are some of the few of the success stories that Mumbai has witnessed.
Funding and Investment
Mumbai is the financial capital of India since it is the residence of some big names in the business world. Startups related to media and entertainment can get a lot of help regarding the finances and investment for the business.
Ease of business
The city has a key role in setting up a new target in Investor-friendly initiatives even as nation jumped 30 ranks in a year. One can expect a well-developed business environment and touch the heights of success.