Yes, this shocking news has come. Delhi-NCR has taken the crown of Bengaluru as the largest start-up center. Now the biggest such center is Delhi-NCR. NCR has not only surpassed Bengaluru in terms of number of active start-ups, but also has the highest number of unicorns in the region, the highest market valuation and around 75 percent of the most highly listed Internet companies in India in the same region. Are in It has been claimed in a report.
Unicorn start-ups are those whose Valuation exceeds $ 1 billion. This information has been given in a report released on Tuesday by Delhi-NCR NGO TiE and Bengaluru-based research firm Jinnow. According to the report, NCR now has 7,039 active start-ups (companies formed in the last 10 years), while in Bengaluru there are 5,234 such start-ups. At number three is Mumbai with 3,829 such start-ups.
Hyderabad, Pune and Chennai have fewer than 2000 active start-ups. Talking about NCR, Delhi has the maximum number of 4,491 start-ups followed by Gurgaon and 1,544 start-ups in Noida.
NCR has emerging start-ups in consumer products and services, enterprise products and e-commerce. Delhi also has the highest number of unicorns. There are 10 unicorns in Delhi, while there are only 9 in Bengaluru. Among the 10 unicorns in Delhi are Oyo Rooms, Paytm, Delhi, Hike, Zomato, Policy Bazaar, Snapdeal, Renew Power and Paytm Mall.
NCR accounts for more than 50 percent of the total market capitalization of Indian start-ups. The total valuation of start-ups in NCR is $ 46-56 billion, $ 32-37 billion in Bengaluru and $ 10-12 billion in Mumbai. Although the picture is not completely pink either. According to the report, after 2015, the pace of formation of new start-ups in NCR and across the country has slowed down considerably. In the year 2015, 1,657 start-ups were formed in NCR, while in 2018 the number of start-ups formed was just 420.
According to experts, NCR is the largest consumption market in the country. Therefore, here the size of sales of any service or product is quite large, which attracts companies. Anoop Jain, managing partner of Oreos Ventures Partners, said that due to high traffic and congestion, the growth of Bengaluru is now affected. Apart from this, the infrastructure of NCR is also better than Bengaluru. According to the Ola Mobility Institute, the average speed on Delhi’s roads is around 23 kmph, while in Bangalore it is just 15.5 kmph.