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BANGALORE IS NOW 15TH AMONG THE WORLD’S TOP 20 STARTUP HUBS

US-based Compass, formerly known as Startup Genome, has rated the world’s top tech hubs on five counts: funding, market reach, talent, experience, and performance of startups. Overall, Bangalore came 15th in its latest ranking of ecosystems – up four places from Startup Genome’s last global ecosystem ranking in 2012.

 

With US$2.25 billion in funding last year, Bangalore now ranks 6th among startup ecosystems for access to venture capital. Only four US tech hubs – Silicon Valley, New York, Boston, Los Angeles – and Tel Aviv in Israel are ahead of Bangalore in terms of VC investment and time to raise capital. This is one of the findings in the Compass report released today on the top 20 startup ecosystems in the world.

Delhi, which has seen a surge of startup activity over the last couple of years, hasn’t made the cut yet. Nor has Mumbai, which is the other main startup hub in India. Compass data shows that Delhi and Mumbai are still lagging in early stage investment, which involves high-risk capital.

Bangalore scored high not only in funding but also in performance, which is determined by the number of startups, their valuations, and growth rates. It came 10th in this column, one spot above Singapore.  Not everything was rosy for Bangalore, which is still an immature ecosystem.
It got only a 0.2 percent slice of the exit pie in the last two years, with Silicon Valley taking the lion’s share, followed by London, Los Angeles, and Tel Aviv. Exits are important to keep investors interested, but rising valuations made up for low exit volume in Bangalore.

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