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Hindustan Times
12 hours ago
- Business
- Hindustan Times
Bengaluru climbs to 14th spot in Global Startup Ecosystem Rankings 2025
Bengaluru has jumped seven spots to secure the 14th position in the Global Startup Ecosystem Report 2025, marking a significant rise in its global standing as a hub for innovation and entrepreneurship. According to a report by news agency PTI, the annual report, prepared by Startup Genome, was released on June 12 at VivaTech, Europe's largest startup and tech conference, being held in Paris. Globally, Silicon Valley retains its top rank, followed by New York City, London, and Tel Aviv, with Boston and Beijing tied at fifth place, the report added. (Also Read: Bengaluru woman witnesses rare 'peaceful accident': 'No fights, just handshakes') According to Startup Genome, Bengaluru's leap was largely powered by four major exits exceeding $1 billion in 2024, with alone valued at $12 billion. The report also notes the city's momentum in AI and Big Data, ranking it #5 globally in that category. Karnataka's IT & BT Minister Priyank Kharge said the report highlights a shifting innovation landscape, with emerging Asian and mid-sized hubs making substantial gains. "Bengaluru's leap cements its transition from a 'rising star' to a top-tier global startup hub, placing it shoulder-to-shoulder with global leaders like Paris (#12), Philadelphia (#13), and **Seattle (#15),' he noted in a statement. The minister attributed the city's rise to a combination of high-value exits, a thriving Deep Tech and AI ecosystem, sectoral consistency, progressive policy, and public investment, alongside a world-class tech talent pool. Startup Genome's 13th annual report is based on data from over five million companies across 350+ cities, and ranks the Top 40 global ecosystems and Top 100 emerging ecosystems. It also analyses innovation trends, investment flows, and policy frameworks worldwide. In Bengaluru, Fintech, Life Sciences, and Cleantech were identified as standout sectors thanks to a dense talent pool, strong infrastructure, and robust startup activity. The Karnataka Digital Economy Mission (KDEM), which partnered with Startup Genome, pointed to the city's structural advantages: successful startup scale-ups like Flipkart and Swiggy, major fundraises like Zepto's $350 million round in 2024, and government investments including $48 million in deep tech and Fund of Funds initiatives. New government-backed initiatives such as ELEVATE 2024 and the Karnataka Accelerator Network are also supporting the state's ambitions to become a global innovation leader. 'Bengaluru's dynamic startup ecosystem, backed by strong government support, global capital, and rising sectors like manufacturing, is propelling Karnataka onto the global map as a premier destination for innovation and entrepreneurship,' said Prashanth Prakash, Chairman of the Startup Vision Group and Founding Partner at Accel. In a parallel development, Pune made a notable jump in the Emerging Ecosystems Ranking (Top 100), climbing from the 91–100 range in 2024 to the 41–50 range this year. The city saw a major exit with being acquired for $2.8 billion. (With PTI inputs)
Economic Times
a day ago
- Business
- Economic Times
Bengaluru climbs to 14th place in Global Startup Ecosystem Report 2025
Bengaluru climbed seven spots to be placed as number 14 in the Global Startup Ecosystem Report 2025, prepared by Startup Genome, a global innovation ecosystem development Valley tops the list, followed by New York City, London and Tel Aviv. Boston and Beijing are tied for fifth place."Bengaluru recorded strong growth, climbing seven spots to rank #14 in the Global Startup Ecosystem Ranking 2025, driven by four major exits exceeding USD1 billion in 2024, with leading at a USD12 billion valuation," stated the Kharge, Karnataka's Minister of IT & BT and Science & Technology, said in a statement issued by his office on Friday, that the 2025 edition of the report highlights a significant power shift in global innovation, with rising Asian and mid-sized hubs making strong gains."Bengaluru's leap cements its transition from a "rising star" to a top-tier global startup hub, placing it shoulder-to-shoulder with global leaders like Paris (#12), Philadelphia (#13) and Seattle (#15)," he said. According to him, this surge has been powered by high-value exits, a thriving Deep Tech and AI boom, sectoral consistency, progressive policy and public investment and an exceptional tech talent base. He also pointed out that Bengaluru is now ranked #5 globally in AI and Big Data Startup Ecosystem Report 2025 was released on June 12 at VivaTech, Europe's biggest startup and tech event being held in Paris until June one of the comprehensive reports on startup ecosystems, Global Startup Ecosystem Report, now in its 13th year, has analysed data from over five million companies across 350-plus cities, according to Startup Genome website."This year's edition ranks the Top 40 global startup ecosystems and Top 100 emerging ecosystems, and delivers data-driven insights on innovation trends, investment flows, and evidence-based policy strategies from around the world," Francis Walther, Manager, Operations & Communication, Startup Genome, is quoted as saying in a press release issued by Startup Life Sciences, and Cleantech sectors stand out in Bengaluru for their robust talent density, strong support infrastructure, and thriving startup activity, the report to Karnataka Digital Economy Mission (KDEM), which has partnered with Startup Genome for the report, Bengaluru offers companies structural advantages, including a strong track record of scaling startups like Flipkart and Swiggy, major funding activity such as Zepto's USD 350 million raise in has also pointed to recent government investments of USD 48 million toward deep tech and Fund of Funds initiatives as well as new programs like ELEVATE 2024 and the Karnataka Accelerator Network for the vibrant ecosystem for startups in Bengaluru. "Bengaluru's dynamic startup ecosystem, backed by strong government support, global capital, and rising sectors like manufacturing, is propelling Karnataka onto the global map as a premier destination for innovation and entrepreneurship," Prashanth Prakash, Chairman of the Startup Vision Group for the Government of Karnataka and Founding Partner, Accel, is quoted as saying in Startup Genome's press release. In the Emerging Ecosystems Ranking 2025 (TOP 100), Pune too moved up significantly from the 91-100 range in 2024 to the 41-50 range this year. The ecosystem saw a billion dollar exit with retail startup being acquired for USD 2.8 billion.
