The game of thrones between Delhi NCR and Bengaluru has always been a most-interesting topic of discussion when it comes to the startups the two cities have spawned. Adding to its glory, India’s very own Silicon Valley, Bengaluru took the first spot in overall startup funding activity in H1 2017.
Startup Funding: Delhi NCR Vs Bengaluru
Delhi NCR and Bengaluru have always been locked in the battle for the top slots (although Delhi consists of Gurugram, Ghaziabad, and Noida far larger scope) and this continued for H1 2017 as well.
While Bengaluru is known to be home for Flipkart, InMobi, the capital city has been known for spawning companies like Paytm, Zomato, Snapdeal. In totality, as per Angellist, Bengaluru and Delhi NCR houses 6000+, and 4000+ startups respectively.
A quick look at the data from Inc42 Datalabs – since January 2015 to June 2017 shows that – 686 startups from Bengaluru and 760 startups from Delhi has raised $6.34 Bn, $7.2 Bn in funding respectively. The numbers are close and so the game of thrones goes on for another season.
Going beyond Delhi NCR and Bengaluru – the financial capital of India i.e. Mumbai, Hyderabad, Pune, and Chennai have also started emerging as active destinations for startup funding activity in last few years.
According to Inc42’s Indian Tech Startup Funding Report H1, Delhi contributed 39.6% of the total funding competing closely with the tech city whose contribution was 40.5% with $2.17 Bn being raised. As far as deals are concerned, Delhi witnessed 128 deals and Bengaluru 144.