In the latest research by Compass, a firm specializing in automated reports and benchmarking tools, Bangalore has been declared as the Startup capital of India. With 3100 to 4900 active startups, Bangalore has received $2.25 billion of Venture capital funds in 2014, thereby outranking every other metropolis in India.
Bangalore is the World’s 2nd fastest growing startup ecosystem, in terms of exit volume and VC inflow among all the top 20 global destinations for entrepreneurs.
In terms of funding, $2.25 billion of capital inflow ranks it as 6th largest startup ecosystem globally.
Suggested Reading: Indian Startup Funding & Investment Report (2015)
Overall, Bangalore is ranked as 15th biggest startup city in the whole world. The last time Compass did such a research for startup ecosystems was in 2012, when Bangalore was ranked 19th. Hence, in the last 3 years, the city has climbed 4 spots, which is yet another achievement.