- Delhi-NCR is home to about 23 percent of Indian startups
- there were 7,039 startups in Delhi-NCR, Bengaluru had 5,234, Mumbai 3,829 and Hyderabad 1,940
- Delhi is also home to 10 Unicorns
Delhi-NCR possesses the most number of active startups in India whose cumulative valuation accounts for more than 50 percent of the total Indian startups, said a report by The IndUS Entrepreneurs (TiE) and Zinnov.
Delhi-NCR is home to about 23 percent of Indian startups and more than 7,000 new ventures were founded in the 10 years (between 2009 and 2019) in the National Capital Region.
While to be precise, there were 7,039 startups in Delhi-NCR, Bengaluru had 5,234, Mumbai 3,829 and Hyderabad 1,940. These new companies were established between 2009 and 2019. Within Delhi-NCR, New Delhi accounts for 4,491 startups, Noida 1,004 and Gurugram 1,544 new companies.
The NCR comprises of Delhi, Gurugram, Noida, and Faridabad. The report was published by TiE, a global non-for-profit based in Silicon Valley, US, and Zinnov, a global management fund established in 2002.
The NCR is also home to the most number of unicorns (A unicorn is a startup with a valuation in excess of $1 billion) i.e., ten, in the country. These ten unicorns have a cumulative value in excess of $50 billion. The list also contains five of the ten most valued startups. The headquarters of three of the four most valued internet companies — e-commerce platform IndiaMART, InfoEdge (promoters of Naukri and 99Acres ) and travel portal MakeMyTrip— in the country are in the NCR.
On the other hand, there are nine Unicorns in Bengaluru, two each in Mumbai and Pune and one in Chennai. Where Bengaluru has approx.$32-37 billion and Mumbai $10-12 billion of cumulative value.
What’s encouraging about the ecosystem in Delhi-NCR is that we actually have a very broad varied mix…As a region, NCR has created one at least one unicorn every year since 2013… And unlike other regions, the 10 unicorns that we have, they’re not from one particular sector, they are from fin-tech, e-commerce, logistics, food, energy and so on,” TiE Delhi-NCR President Rajan Anandan said at an event here.
According to the report, about 1,361 startups in Delhi-NCR and a total of 5,875 start-ups were founded in India in 2016. The number of start-ups being founded in Delhi-NCR stood at 826 (2017), 420 (2018) and 142 in the first half of 2019.
The report has also recommended setting up of centres of excellence and spaces on the lines of T-Hub in Hyderabad to help start-ups continue to innovate and grow their operations. Also, the quality of accelerators and incubators, developing deeper pools of technical talent and developing sector-specific policies will help in further strengthening the region’s position as a start-up hub.
Niti Aayog Chief Executive Officer Amitabh Kant, who released the report, said vibrant hubs need to be created in Delhi, Gurugram and Noida that can be catalysts and agents of change. He also assured that the government will continue to support setting up of incubation centres in the region to help the start-up ecosystem.
Kant highlighted that six Indian cities — Delhi, Mumbai, Bengaluru, Chennai, Hyderabad and Pune — are among the top-100 start-up hubs globally.