Rankings of this kind may not be the sole or ultimate arbiter of a city's success as a startup destination, but they may count for something
One possible reason for the rank Bengaluru has is the recency of the growth of VC in India. However, the study draws on data from 2017 to 2023.
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So, for all the excitement about being India’s Silicon Valley and so on, Bengaluru seems to be ranked 33rd among startup cities in the world. That is what I noticed from PitchBook’s (PB) survey of October 2023.
Nine of the top twenty places are in the USA, while five are from China and the only European city to feature – now that the Brits have Brexited infamously – is Berlin. And apart from China’s cities and Tel Aviv the other Asian cities to feature are Tokyo at the 11th place and Singapore at the fifteenth.
[This article has been published with permission from IIM Bangalore. www.iimb.ac.in Views expressed are personal.]