As mentioned by the Global Startup Ecosystem Report 2021, Bangalore, Delhi, and Mumbai belong to the league of the world’s leading start-up hubs. In this list of international start-up hubs, Bangalore ranked 23rd among global tech hubs, Delhi ranked 36th, and Mumbai maintained its 1st position in the Emerging Ecosystems ranking. It’s a fact that when entrepreneurship entered the Indian economy, cities like Bengaluru and Hyderabad dominated the start-up ecosystem.
While Delhi was infected by the start-up bug much later, today, it has become one of the sought-after destinations for start-ups. As India’s capital, Delhi, of course, has got some unique advantages over the rest of the country. However, that isn’t the only thing to boost its start-up ecosystem.
Here’re some key factors that have been promoting Delhi’s start-up culture.
A diverse pool of innovative minds
One of the best things about Delhi’s start-up ecosystem is that it has no shortage of innovative minds that want to start something new on their own while moving the security and comfort of a stable job. Perhaps this is the reason today, the city’s start-up ecosystem boasts a diverse vertical of ventures, ranging from technology sectors and financial services to consumer services.
Availability of start-up investments
Those, who have just started a small business or only have a start-up idea, often face a tremendous issue in the form of securing funding. Fortunately, in Delhi, there’s a huge number of angel investors who can come to the rescue of these entrepreneurs. Whether your business is presently in the growth stage, production stage, or idea stage, you should be able to find at least one angel investor who’ll be interested in funding your business.
Coworking spaces for everyone
In the traditional form of the workplace in a costly city like Delhi, businesses can only afford an office space after securing a steady flow of profits or when they can spend a significant chunk of their own money, none of which is a viable solution for start-ups. With the emergence of coworking spaces throughout the city, start-ups can take a massive step toward business growth.
If you want to save a large sum of money that you’d have otherwise spent toward property rental, equipment, and office furniture and invest it for your business’s growth, why not choose coworking spaces in Delhi? Regardless of your team size, you can rest assured of being able to find a coworking space in a prominent place in Delhi that perfectly suits your budget and requirements.
Plenty of highly skilled workforce
Delhi is home to FMS Delhi, IIT Delhi, JNU, and many other institutions of academic prominence. Whether you need expert support in Engineering, technology, business management, or any creative field, you’ll be able to find the right talent.
Additionally, there’re several support systems available in Delhi like the TiE Delhi-NCR that bring start-ups’ dreams alive by providing the support of a robust network of mentors together with many other facilities that help to disrupt old business models and bring forth innovative ideas of entrepreneurs.
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