Delhi, not Bengaluru, is the startup capital of India, says Financial Survey


  • Delhi has changed Bengaluru because the startup capital of India, reveals the Financial Survey of 2022.
  • Delhi has over 5,000 recognised startups, whereas Bengaluru has 4,500.
  • As many as 555 districts of India had one new startup in 2021.

Bengaluru, popularly often called the Silicon Valley of India, isn’t the startup capital of the nation anymore, the nation’s annual Financial system Survey of 2022 has revealed. As an alternative, nationwide capital Delhi now adorns this title.

“Over the latest years, Delhi has changed Bangalore [Bengaluru] because the startup capital of India. Over 5,000 recognised startups had been added in Delhi whereas 4,514 startups had been added in Bangalore between April 2019 to December 2021,” the Financial Survey mentioned.

The survey additionally revealed that Maharashtra has the very best variety of recognised startups.

Uncover the way forward for SaaS in India

The 6-part video collection will seize the imaginative and prescient of Indian SaaS leaders and spotlight the potential for the sector within the many years to come back.twenty ninth Sep, 2022 Begins at 04:00 PM (35 minutes)Register Now
Our Audio system

Beerud Sheth
Tim Barens

Based on the Division of Promotion of Business and Inside commerce (DPIIT), an organization is recognised as a startup until 10 years after its incorporation. These firms ought to have a income threshold of ₹100 crore.

The Financial survey revealed that India has near 61,400 recognised startups, as of January 10 this yr. As many as 555 districts of India had one new startup in 2021. Solely 121 districts had one startup in fiscal yr 2017, the report highlighted.

SEE ALSO

AGS Transact Applied sciences makes a weak itemizing with ₹1 revenue for IPO traders

Specialists say the rupee is prone to weaken towards the US greenback this yr

Merely put, the cost on the Modi authorities is that it lied to the Parliament about shopping for Pegasus spyware and adware and it should reply



Supply hyperlink