Summary:
India`s IT capital Bengaluru, as it is called has another feather in its cap.
The city with nearly, 10 million populations, has emerged as the world`s fastest-growing mature tech ecosystem since 2016, followed by the European cities of London, Munich, Berlin, and Paris.
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India`s IT capital Bengaluru, as it is called has another feather in its cap.
The city with nearly, 10 million populations, has emerged as the world`s fastest-growing mature tech ecosystem since 2016, followed by the European cities of London, Munich, Berlin, and Paris.
India`s financial centre Mumbai has ranked sixth, as per the new research released in London on 14 January.
“It’s fantastic to see that Bengaluru and London ranked as the top two fastest-growing global tech hubs for VC investment.
Our two great cities share mutual strengths in entrepreneurship and innovation – creating lots of opportunities for tech investors and companies to do business across both regions," said Hemin Bharucha, Chief Representative of India at London & Partners.
“London has a strong trade and investment relationship with cities across India and today’s figures show the opportunities for future partnerships between the UK and India on technology.
Despite the pandemic, tech companies in London and India are continuing to lead the way in creating game-changing technologies – especially in high growth sectors such as EdTech and Fintech," he said.
“The UK government`s recent Brexit deal with the European Union brings certainty for Indian companies and investors looking to London and we look forward to welcoming more Indian businesses to the UK capital in the years ahead," he added.
Bengaluru is also ranked sixth for the world`s tech venture capitalist (VC) investments, on a global list topped by Beijing and San Francisco, New York, Shanghai, and London making up the top five.
Mumbai comes in at No.
21 in the worldwide ranking, with Boston and Singapore among the other high-ranking cities.
Skillmine, a Bengaluru-headquartered tech company offering new generation IT consulting and managed services which expanded to London last year, highlighted access to “like-minded tech entrepreneurs alongside a deep tech talent pool" as the highlight of what has been referred to as India’s Silicon Valley in the past.
“It has been exciting to be part of Bengaluru’s emergence as a world-class tech hub.