JUNE 20204With a growing number of start-ups being established in India each year, the country is bustling with more start-up energy than ever. Playing a very important role in India's burgeoning start-up scene is its financial capital. Riding high on entrepreneurial zeal in the recent times with the abundance of venture capitalists, growth funds, educational institutions and incubators, Mumbai's growth is a glorious chapter contributing to the success of the start-up ecosystem. In fact, the city's start-up ecosystem is ranked 3rd in India and 32nd globally. With major fintech innovations happening in the city and with increasing co-working spaces along with government supporting startups, Mumbai has certainly became an attractive hub for start-ups across the financial, consumer services, media and retail sectors. The city has seen many new start-ups arriving at the block with some really innovative ideas. A current list of start-ups in Mumbai reveals a growing number of companies that are based in artistic endeavors, with highly technical aspects. Apart from housing, the city has also seen other innovative start-ups in fields such as e-Commerce, analytics and consumer focused services. According to a joint study by KPMG India and TiE Mumbai, Mumbai now has an active startup base of over 9,000, with e-Commerce, enterprise tech, and fintech ranking as the most popular sectors. Also, the presence of prominent venture capital firms such as Sequoia Capital and Matrix Partners have influenced the growth of such start-ups. With great connectivity with other countries, a growing number of co-working spaces, and a massive consumer base, more and more start-ups have driven the growth of the city, created jobs, increased access to resources, education and healthcare, resulting in falling poverty levels and improved lifestyles. The ripple effect of this burgeoning start-up energy is extending beyond just the commercial hub. In the coming times, this start-up energy would be something that businesses and investors would look forward to!Do share your thoughts with us!Nandini MukherjeeManaging EditorMumbai Cements its Place in the Increasingly Emerging Startup Market EDITOR'S NOTEVisualisers S Sivasankar J Dennis Bennito siliconindiasiliconindia Vol 5 · Issue 12 - 1 · June, 2020 Publisher Alok Chaturvedi Managing Editor Nandini Mukherjee Editorial Team Aparna Roy Monica Pallavi J Likhith Aradhya Subhadarshini Mohanty Sales & Marketing Felisha Rita Niteesh Pandey Editorial Queries startupcity@siliconindia.com To subscribe Visit: www.siliconindia.com/subscribe/ Cover price is ` 150 per issue.Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2020 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.sales@startupcity.comGroup Art Director Ashok KumarCirculation Manager Magendran PerumalSr. Manager Sales & Marketing Virupakshi Pattar
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