JUNE 20194The economy in India is growing at an alarming rate, courtesy the rise in the number of start-ups in the nation. With every new day, business is evolving and developing, and this is a great time for start-ups to make their mark. Investors are having a bird's eye view of the start-up industry for all the brilliant ideas that can potentially turn into reality. While the Indian start-up industry might not have had a great inning last year, it could not dim the spirit of the city of dreams, Mumbai. The city saw many new start-ups arriving at the block with some really innovative ideas and some old ones were able to further up their game. The western city of Mumbai, home to the country's biggest stock exchanges and some of its largest business conglomerates, was the base for 14 percent of the nearly 50,000 start-ups established in India by the end of 2018, according to a KPMG report. Also, proliferation of the internet, higher rates of literacy and greater exposure to the outside world have fuelled sector-based innovation in IT, artificial intelligence, IoT (Internet of Things), finance, healthcare, biotechnology, education, agriculture, and logistics, to name a few. In fact, more and more technology 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. Also, the presence of prominent venture capital firms such as Sequoia Capital and Matrix Partners have influenced the growth of such start-ups. Large corporates, including L&T, TCS, SAP and others, have collaborated with SINE and provided support to start-ups through their CSR funds. SINE also receives grants and benefits from the Ministry of Electronics and Information Technology (MeiTY) and the Department of Science & Technology (DST) of the Government of India.In our current edition, we have featured a list of "10 Best Mumbai Tech Startups." These start-ups with fresh ideas are creating a ripple effect in the Mumbai startup ecosystem.Do let us know your thoughts...Nandini MukherjeeManaging EditorTech Startups are emerging in Mumbai EDITOR'S NOTEsiliconindia Vol 4 · Issue 11 - 6 · June, 2019 Publisher Alok Chaturvedi Managing Editor Nandini Mukherjee Editorial Team Amit Raja Naik Aprana Roy Hridkamal Roy Lakshmi G Sales & Marketing Tapas Ranjan Mallick Divya Shokeen Editorial Queries editor@startupcity.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 © 2019 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 PerumalVisualisers Mohana Krishnan Vimalraj MSr. Manager Sales & Marketing Amrit Singh
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