The tech capital, also the startup destination of India, Bangalore, has influenced its neighboring cities as well. Amongst them is Pune, the city which has witnessed an exponential growth of startups in recent years.
According to AngelList, Pune is home to a mind boggling 322 startups. Many among them, have been subject to big ticket acquisitions. TastyKhana is one such startup, which due to its rapid growth acceleration, initially invited massive investments and was subsequently acquired by Rocket Internet backed Global online food delivery marketplace FoodPanda. In a similar development, Buzzfactory, a social media & digital agency was acquired by a US based mobile technology company Qliktag Software Inc, after it made an early angel investment it. True Sparrow was another Pune-based startup that was acquired by Fab.com.
Marking a departure from the acquisition of successful startups was Dhingana’s accession to Rdio, a global music streaming service. It was the only saving grace for the floundering startup after it failed to renew its partnership with music label T-Series.
Number of Pune based startups have managed to raise massive funding rounds which include Pubmatic ($45 Mn in Series C), Druva ($25 Mn in Series D), Helpshift ($10 Mn in Series A), Sapience (INR 45 Cr.) Firstcry ($26 Mn in Series D) and Swipe Telecom ($10 Mn in Series A).
In terms of technology and big-game startups, there has been a significant push in the city of Pune recently also. Here’s a list of early and growth stage startups to look out for that are being nurtured by Pune, also known as the ‘Pensioner’s Paradise’ :