Global

Bangalore is now Fastest Growing Tech Hub in the World

Bengaluru has become the fastest-growing tech hub in the world. European cities like London, Munich, Berlin, and Paris are second to fifth in this list. Mumbai, the financial capital of India, is in the sixth position. These figures were released by an association called Dealeroom.com, which has been analyzed by London Partners, the international trade and investment agency of London Mayor Sadiq Khan. The report, released in London, states that Bangalore has emerged as the world’s fastest-growing matured tech ecosystem since 2016.

According to this, the investment in Bengaluru increased more than 5 times in 2020 to more than $ 7.2 billion (Rs 52 thousand crores) compared to $ 1.3 billion (Rs 9498 crore) in 2016. Investment in Maharashtra’s capital Mumbai has increased 1.7 times to $ 1.2 billion (Rs 8,000 crore) from $ 700 million (Rs 5 thousand crores) in the same period. Investment in the UK capital London tripled during the same period
According to Hemin Bhadcha, India’s chief representative at London & Partners, ‘It is heartening to see that Bangalore and London Venture Capital (VC) are the world’s fastest-growing technology hubs for investment. London has strong trade and investment ties with India’s cities. From these figures, the partnership between Britain and India in the field of technology in the future. Opportunities are revealed. Bengaluru also ranks sixth in the world in terms of Tech Venture Capitalist Investment. Beijing is in the first place and San Francisco in the second.

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