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StartupBlink’s Startup Ecosystem Ranking

Topics Covered:

  1. Inclusive growth and issues arising from it.

 

StartupBlink’s Startup Ecosystem Ranking

 

What to study?

For prelims and mains: rankings- performance of countries, cities, challenges present and need for measures.

 

Context: StartupBlink’s Startup Ecosystem Ranking has been released.

 

Significance of the report:

  1. aim of this report is to feature and rank hundreds of startup hubs instead of highlighting a few globally recognized winners.
  2. This report considers not just startups, but also other critical players of the startup ecosystem like coworking spaces, accelerators, investors, leaders, and more.
  3. It used data from startups, accelerators and coworking spaces registered on it platforms as well as data received from global partners such as Crunchbase and SimilarWeb.
  4. The report has taken the startup ecosystems of 1,000 cities and 100 countries into consideration.

 

Key findings:

  1. India ranked 17 among 100 countries, based on the strength of its startup ecosystem.
  2. The top three spots remained unchanged with the United States, United Kingdom and Canada.
  3. Bangalore, New Delhi and Mumbai were the top cities in the Indian startup ecosystem.

 

Indian startup ecosystem:

3800 new startups were launched in India during the last year. Overall, Indian startups received $11 Bn of funding through 743 deals in 2018. The sectors which received the most funding were: ecommerce; consumer services (hyperlocal) and fintech. 

the major challenge “will be improving the overall quality of startups, and increasing the number of unicorns than currently exist.”

 

Sources: ie.