What a fantastic achievement for Bengaluru, rising three spots to secure the 23rd position in the annual analysis of the world's most favorable ecosystems for building globally successful startups!

Bengaluru's rise in the rankings was attributed to improvements in funding, connectedness, and knowledge, along with recent significant funding rounds by Swiggy, ShareChat, and Byju's.

Photo Credit - ET Energy World

London has emerged as a top global hub for innovation and startups, ranking second in the overall ecosystem value.

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Delhi has maintained its 36th position in the report, while Mumbai has topped the list of emerging ecosystems for two consecutive years.

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Mumbai has been recognized as the leading emerging ecosystem, excelling in performance, funding, experience, and talent.

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Indian startups raised a substantial USD 12.1 billion in the first half of the year, showcasing India's growth as a global tech and innovation hub.

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India, particularly Bengaluru, is home to numerous global R&D centers and is the fourth-largest technology and innovation cluster worldwide.

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Chennai, Pune, and Hyderabad also made it to the list of top emerging ecosystems.

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