Indian City Is World’s Fastest Growing Tech Hub; Know Which One
London: Bengaluru is the fastest-growing mature tech ecosystem in the world since 2016, followed by London, Munich, Berlin and Paris in that order, according to new research.
India’s financial capital Mumbai occupies sixth place, PTI has reported.
According to Dealroom.co data, analysed by London & Partners, investment in Bengaluru grew 5.4 times from $1.3 billion in 2016 to $7.2 billion in 2020. During the same period, investment in Mumbai grew 1.7 times from $0.7 billion to $1.2 billion.
Second-placed London, on the other hand, registered a three-time growth between 2016 and 2020 — from $3.5 billion to $10.5 billion.
As for tech venture capitalist (VC) investments, Bengaluru ranks sixth in the world. Beijing tops that list, followed by San Francisco, New York, Shanghai and London. Mumbai is placed at No. 21.