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Bengaluru ranked as The World’s Fastest-Growing Tech Hub

Saransh Pandey

Intern
  • January 16, 2021
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    Behind Bengaluru and London, the other fast-growing tech hubs include the two German cities of Munich and Berlin and the French capital of Paris.

As per the new research released in London, Bengaluru, the IT capital of India has emerged as the world's fastest-growing mature tech ecosystem since 2016, which is followed by the European cities of London, Munich, Berlin, and Paris. India's financial capital Mumbai has been ranked sixth. 

The data has been released by London & Partners, the Mayor of London’s international trade and investment agency has revealed that investment in Bengaluru grew 5.4 times from $1.3 billion in 2016 to $7.2 billion in 2020, whereas in Mumbai it grew 1.7 times from $0.7 billion to $1.2 billion in the same period. 

Meanwhile, London registered an impressive three times growth between 2016 and 2020, rising from $3.5 billion to $10.5 billion. Bengaluru is also ranked sixth for the world's tech venture capitalist (VC) investments, in which Beijing and San Francisco, New York, Shanghai and London make up the top five. Mumbai comes in at No. 21 in the worldwide ranking, with Boston and Singapore among the other high-ranking cities. 

Behind Bengaluru and London, the other fast-growing tech hubs include the two German cities of Munich and Berlin and the French capital of Paris, all three more than doubling their investments in the 2016-2020 period. London has cemented its status as Europe’s leading tech hub – with London companies receiving over three times the amount of investment than any other European tech city. 

Bengaluru also topped the list of Indian startup hubs in terms of the amount of seed funding as well as the deal count. Startups based in the city accounted for 33% of all seed funding deals for Indian startups between 2014-20. 

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