Bengaluru world’s fastest-growing tech hub
Bengaluru has emerged as the world’s fastest-growing mature tech ecosystem in the world since 2016, followed by the European cities of London, Munich, Berlin, and Paris, with India’s financial centre of Mumbai in sixth place, according to new research released in London on Thursday.
Dealroom.co data analysed by London & Partners – the Mayor of London’s international trade and investment agency – reveals that investment in the Karnataka capital of Bengaluru grew 5.4 times from USD 1.3 billion in 2016 to USD 7.2 billion in 2020, with the Maharashtra capital of Mumbai growing 1.7 times from USD 0.7 billion to USD 1.2 billion in the same period.
The UK capital of London registered an impressive three times growth between 2016 and 2020, rising from USD 3.5 billion to USD 10.5 billion.
‘It’s fantastic to see that Bengaluru and London ranked as the top two fastest-growing global tech hubs for VC investment.
