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What Makes Bengaluru India’s Startup Capital

You can’t throw a stone in Bengaluru, without hitting somebody who has started – or is about to start – a startup, many people plugged into the city’s business and technology beats feel. Raj Subramaniam, co-founder of store-billing software company Paisool, says he has heard that there are close to 400 e-commerce startups in the Koramangala area alone.3-1 “And most of them are raised on a minimum of Rs. 1 crore in funding. If you take the sheer numbers, Bengaluru sure looks like the startup capital,” he says. Enlisting a cricket analogy, he says, “Bangalore is like Kambli of ’90s – massive potential, has the talent to do great things.” But the jury is still out on whether the infrastructure lives up to the promise of the talent, he says.3-2The city gets a vote of confidence from a woman whose own startup proved very successful indeed – Biocon’s Chairperson and Managing Director, Kiran Mazumdar Shaw. “I think the government has tried to do whatever best it could, but we should not depend on government for the startup culture,” she says. “Unless you get serious venture capital into the startup culture, you will not see this ecosystem grow. And I think the reason why the Bangalore startup cluster is growing so rapidly is because there is serious interest on the part of venture funds and angel investors,” she says.

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