According to a global Startup Ecosystem Report published by Silicon Valley-based startup benchmarking firm Compass, Bangalore is among the Top 15 startup ecosystems around the world. However, Delhi failed to be part of this list.
Silicon Valley, New York City, Los Angeles, Boston & Tel Aviv topped the rankings. Also, it is to be noted that the index does not include startup ecosystems from China, Taiwan, Japan, and South Korea.
The research was done on five major components i.e. Performance, Funding, Talent, Market Reach, and Startup Experience.
Bangalore ranked 6 in access to funding, number 10 in the valuation & number of startups, but lags behind in talent and market reach.
The startup ecosystems which made the biggest leaps are New York, Austin, Bangalore, Singapore, and Chicago. Bangalore moved from #19 to #15, Singapore from #17 to #10, Berlin from #15 to #9, and Chicago from #10 to #7.