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Piggybacking on its strategic locations, growing numbers of startups and substantial funding activities, Kerala has emerged as an important hub for technology and startups in India.
Located in the southwestern part of India, Kerala also fosters several technology hubs. Technopark in Thiruvananthapuram, Infopark in Kochi and Cyberpark in Kozhikode are some of the prime examples.
These hubs operate on a hub-and-spoke model, facilitating the growth of IT and IT-enabled services across the state. Technopark is noted as India’s first IT park, while Infopark has been rapidly expanding since its establishment in 2004, attracting major investments from IT companies.
As of now, Kerala is home to two unicorns — Technopark and Fynd. Not just this, tech giants like Tata Consultancy Services, WIPRO, and Cognizant Technologies have contributed significantly to employment and technological advancements in the state.
According to the data from the Department of Promotion of Industry and Internal Trade (DPIIT), Kerala was home to approximately 5,800 recognised startups until June 2024. This figure reflects the state’s vibrant startup ecosystem and its focus on innovation and technology.
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FAQs on Kerala
How much funding has been raised by companies in Kerala?
Companies in Kerala have collectively raised $90.15 million through 83 funding rounds.
What is the most frequent investment round in Kerala?
The Seed Stage is the most common investment round for companies based in Kerala.
Which sector attracts the most funding in Kerala?
The Ecommerce sector has received the highest funding in Kerala, showcasing strong growth and investor confidence.
What is the total acquisition value in Kerala?
The total acquisition value in Kerala stands at $63.3 Mn, with Edtech being the leading sector for acquisitions.