Delhi NCR is all set to become the Largest StartUp Ecosystem

Nandini Mukherjee, Managing EditorDelhi-NCR is currently home to over 7000 startups. NCR is also home to 10 unicorns, with at least 1 new unicorn emerging each year since 2013. These factors, along with the cumulative private market valuation of start-ups currently worth USD 50 billion, make Delhi-NCR the largest startup ecosystem in the country. The city houses several successful startups that are performing tremendously great and are aiming to leave a lasting impact in the business world.

Startups in Delhi NCR have easy access to important government offices, top talent from institutes
such as IIT Delhi and Delhi College of Engineering, amongst others. Consequently, several companies have set up their delivery centres and liaison offices in Noida, Delhi, and Gurugram in order to take advantage of the high-quality infrastructure manpower, real estate, and supportive government policies. In fact, there are several startup incubators and accelerators in the region associated with the government, educational institutions, and venture capitalists.

Regardless of the structural challenges posed to the IT sector in India, Delhi offers a dynamic and highly-functioning ecosystem that sees investors, government policymakers, skilled professionals and entrepreneurs, and startup incubators and accelerators. The city continues to enjoy the high valuations placed by major investors in Indian startups despite the economy facing strong headwinds. In fact, it has the potential to lead innovation in many sectors across the Indian economy, in the coming years. With sectors such as consumer products, travel and hospitality, food and foodtech,logistics, edutech, and mobility and electric vehicles, Delhi NCR has a unique opportunity to become a magnet for startups building in each of these sectors. With the signs of the economic slowdown bottoming, the Delhi startup ecosystem is set on a course towards a brighter, progressive future.
Do share your thoughts with us!