Delhi-National Capital Region (NCR) has witnessed the highest number of startups being founded in the first six months of this year, on the back of its digital ecosystem, government support and infrastructure, including startup accelerators, incubators and enablers.
Between January and June, 109 startups were founded in Delhi-NCR, followed by 63 in Bengaluru and 44 in Mumbai, according to data by venture capital industry tracker Tracxn. Sectors such as edtech, fintech and enterprise applications saw more traction with several start-ups also repurposing their solutions to offer covid-related solutions.
Startups based out of Bengaluru, however, raised $2,436 million, more than their Delhi ($602 million) and Mumbai ($397 million) counterparts in the first half of the year, data showed. Big-ticket funding deals were in the edtech space with Byju’s leading the pack, valued now at $10.5 billion after raising $100 million Mary Meeker's fund Bond and another $110 million raised by Unacademy from Facebook and General Atlantic.
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Delhi-NCR sees highest number of new startups during January-June
Between January and June, 109 startups were founded in Delhi-NCR, followed by 63 in Bengaluru and 44 in Mumbai, according to data by venture capital industry tracker Tracxn. Sectors such as edtech, fintech and enterprise applications saw more traction with several start-ups also repurposing their solutions to offer covid-related solutions.
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