Best startup of India
India’s diversity is very prominent in its major cities, with each offering its own unique blend of life and culture. From the point of view of a startup, cities like Mumbai, Bangalore, Pune and Delhi NCR are home to very different business climates, with each city’s environment differing in terms of infrastructure and connectivity, ready availability of skilled labour, real estate, startup capital and most importantly, a suitable market. There are other startup friendly cities like Chennai, Hyderabad and Ahmedabad but talking broadly, the four aforementioned regions lead by a huge margin. So where should an aspiring entrepreneur choose to set up his startup? We asked a few entrepreneurs about their views and Quora also had a few brilliant answers (especially Arun Purohit, founder at WIC)
Popularly known as the financial capital of the country, Mumbai has traditionally been host to some of the biggest financial institutions, and the presence of a large number of angel investors and venture capital funds makes it relatively easy for startups to get funding. It certainly pays to know your way around though, and pulling the right strings should make the process a whole lot easier. The presence of a large internet-connected population presents a ready market and easy availability of goods and services is a plus point. Mumbai being a thriving metropolitan naturally enjoys excellent connectivity with the rest of the country. And as every mumbaikar says, “Once a mumbaikar, always a mumbaikar.”; this is how the SmartMumbaikars are. However, setting up shop in Mumbai doesn’t come without its pitfalls. Absurdly high and ever increasing real estate prices act as a deterrent to entrepreneurs, and a significant portion of one’s day is spent only in the commute.
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