{"id":8288,"date":"2018-10-29T20:45:48","date_gmt":"2018-10-29T15:15:48","guid":{"rendered":"https:\/\/www.instamojo.com\/blog\/?p=8288"},"modified":"2020-11-23T12:16:40","modified_gmt":"2020-11-23T06:46:40","slug":"india-ranks-3rd-biggest-hub-startup-bangalore","status":"publish","type":"post","link":"https:\/\/www.instamojo.com\/blog\/india-ranks-3rd-biggest-hub-startup-bangalore\/","title":{"rendered":"India is the 3rd Biggest Startup Hub in the World &#8211; NASSCOM"},"content":{"rendered":"<p>In the 4th edition of a new NASSCOM-Zinnov report titled \u201cIndian Start-up Ecosystem 2018: Approaching Escape Velocity,&#8221; India has been ranked the 3rd biggest startup hub in the world!<\/p>\n<h3><img loading=\"lazy\" class=\"alignnone wp-image-8298 size-full\" src=\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.40.51-PM.png\" alt=\"\" width=\"1166\" height=\"655\" srcset=\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.40.51-PM.png 1166w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.40.51-PM-300x169.png 300w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.40.51-PM-768x431.png 768w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.40.51-PM-1024x575.png 1024w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.40.51-PM-960x539.png 960w\" sizes=\"(max-width: 1166px) 100vw, 1166px\" \/><\/h3>\n<h3><\/h3>\n<h3>Multiple factors made India a leader of growth in the tech startup sector. Here are some highlights from the report:<\/h3>\n<div class=\"page\" title=\"Page 3\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<ul>\n<li>The number of advanced technology start-ups increased by 50% from 2017, with Data Analytics, Artificial Intelligence and IoT witnessing the fastest adoption.<\/li>\n<\/ul>\n<div class=\"page\" title=\"Page 3\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<ul>\n<li>The start-up ecosystem is becoming more global \u2013 Indian start-ups (both B2B and B2C) are expanding to other markets, and global giants are gravitating towards India.<\/li>\n<li>\n<div class=\"page\" title=\"Page 3\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>More Tier 2\/Tier 3 cities are emerging as start-up hubs, and more experienced professionals are taking entrepreneurial route.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2><img loading=\"lazy\" class=\"alignnone wp-image-8297 size-full\" src=\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.32.17-PM.png\" alt=\"\" width=\"1161\" height=\"653\" srcset=\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.32.17-PM.png 1161w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.32.17-PM-300x169.png 300w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.32.17-PM-768x432.png 768w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.32.17-PM-1024x576.png 1024w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.32.17-PM-960x540.png 960w\" sizes=\"(max-width: 1161px) 100vw, 1161px\" \/><\/h2>\n<h2>Namma Bengaluru is the biggest startup hub<\/h2>\n<p>According to the report, Bangalore is now one of the fastest growing tech startup hubs. A total of 1,200 tech-startups were added to the list in 2018, alone! Today, the city boasts of 7,200- 7,700 registered startups.<\/p>\n<p><strong>Bangalore, Delhi-NCR, and Mumbai are the top three cities in India that have seen tremendous growth in Startups.<\/strong><\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-8296 size-full\" src=\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.20.11-PM.png\" alt=\"NASSCOM startups report\" width=\"1172\" height=\"658\" srcset=\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.20.11-PM.png 1172w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.20.11-PM-300x168.png 300w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.20.11-PM-768x431.png 768w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.20.11-PM-1024x575.png 1024w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/Screen-Shot-2018-10-29-at-7.20.11-PM-960x539.png 960w\" sizes=\"(max-width: 1172px) 100vw, 1172px\" \/><\/p>\n<p>As per the report by NASSCOM, overall investments\u00a0have seen 100% growth from $2 billion in 2017 to $4.2 million in 2018. This only goes to prove the projected growth of the startup ecosystem in the city.<\/p>\n<p>While the startup culture allows for a fast-paced and on-the-go life, it has done much more than just come up with effective solutions. Startups have accounted for over 40,000 direct jobs in 2018. This brings it to a total of over 1,60,000-1,70,000 jobs in total. This indicates the direct impact on job creation and employment generation.<\/p>\n<p>Some key drivers of growth in Startup growth and expansion were:<\/p>\n<ul>\n<li>Growth in investor sentiment.<\/li>\n<li>Local market success.<\/li>\n<li>Optimism in the\u00a0growth of revenue.<\/li>\n<li>Valuation increase.<\/li>\n<li>Aspirations of becoming a global company.<\/li>\n<\/ul>\n<h2>Great time to start up!<\/h2>\n<p>The report highlighted several pointers that show a favorable time to start your own business. More reasons for you to start your own business!<\/p>\n<p>Why wait then?<\/p>\n<p>Whether you are a newbie or an established entrepreneur, Instamojo has something that fits every bill.<\/p>\n<p>If you are looking for a place to host and sell your products, use our <a href=\"https:\/\/www.instamojo.com\/start\/online-store\/?utm_source=imblog&amp;utm_medium=interlink&amp;utm_campaign=online_store\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #3366ff;\">Instamojo online store<\/span><\/a> to sell, collect payments, ship and more for FREE! Our <a href=\"https:\/\/www.instamojo.com\/grow\/app-store\/?utm_source=imblog&amp;utm_medium=interlink&amp;utm_campaign=app_store\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #3366ff;\">custom-built tools<\/span><\/a> can also help you manage, track and scale your business.<\/p>\n<p>Join over 500,000 sellers today.<\/p>\n<hr \/>\n<p style=\"text-align: center;\"><a class=\"mb-button mb-style-flat mb-size-default mb-corners-default mb-text-style-default \" style=\"background-color: #2bc470;\" href=\"https:\/\/www.instamojo.com\/?ref=blog\">START WITH INSTAMOJO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"In the 4th edition of a new NASSCOM-Zinnov report titled \u201cIndian Start-up Ecosystem 2018: Approaching Escape Velocity,&#8221; India&hellip;\n","protected":false},"author":6,"featured_media":8301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[228,349,762,238,369,29,103,19,1052,16,117,181,241,271],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.8 - 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