Bengaluru Reigning Supreme as the Best Startup Ecosystem in India
By: Rachita Sharma, Managing Editor | Wednesday, 13 September 2023
Bengaluru was chastened as the ‘Silicon Valley of India’ long ago. From a sleepy town, the capital of Karnataka has gradually transitioned into one of the most fast-pace ecosystems for innovative companies. For years, the city has been the top most startup ecosystem in India and is now also the foremost one in south East Asia.
According to DPIIT, total number of startups registered in Bangalore came up to 5062 in 2020. The city also topped the startup funding list with a total investment of $10.8 billion in 2022.
The Global Startup Ecosystems Report (GSER) 2023 positioned Bengaluru at the 20th spot, making it the only Indian city to make it to the top 20.
None of these statistics come as a surprise, since Bengaluru is known for having the conducive ecosystem for ideating, building and scaling up a startup. The vibrant and fast paced ecosystem has attracted enterprising entrepreneurs from across the country. from Flipkart to Swiggy to Ola, the city has been home to some of the most successful startups.
We celebrate upcoming Bangalore based startups built by women entrepreneurs. Meet Charu Sheela and Vrij Bala, Partners, Craft Consultancy. Charu is an experienced professional with 24 years in Market Research and Development Sector, has held significant roles, including Group Business Director at the Social and Rural Research Institute (SRI), IMRB International. Vrij is a seasoned Management Professional, boasts 20 years of global experience across the Research, IT, and Training/Education sectors. She excels in the use of technology in research and analysis.
The current edition also features Suman Shanbhag, Founder, Kick Start Work Hubs. With a deep understanding of the challenges faced by startups, Suman has created an affordable and convenient workspace that fosters productivity and collaboration, empowering entrepreneurs to thrive in their endeavours.
Women entrepreneurs such as Suman, Vrij and Charu are the young faces of success in the Silicon Valley of India. More power to them!