DECEMBER 20204Back in the day, "if you throw a stone anywhere in Bangalore, it will invariably hit an IT professional", was a running joke amongst Bangaloreans. The 90s and 2000s were all about the IT services boom in the city. Gradually, this trend transformed and Bangalore became the go to destination for entrepreneurs with a worthy startup idea. The Garden city is today the undisputed champion of the tech startup world. According to reports the Silicon Valley of India has had more tech-startups founded since 2016 than Mumbai and Delhi combined. The city saw a total of 1,200 tech-startups being added to the list in 2018, alone and had over 7,200- 7,700 registered startups by the end of 2018. But this lead is not just in numbers but in quality of startups as well. A report concluded that Bangalore based startups have raised more capital than Delhi and Mumbai combined since 2016. Bengaluru-based startups raised $30.57 billion since 2010 and it is $20.1 billion in just the past four years. In-fact one in every four companies in the deep tech, health tech, and fintech sectors can raise money in Bengaluru.The city is also home to the most number of Indian unicorns with over 14 of them coming out from Bangalore out of the total 32 Indian unicorns. Be it Flipkart (now owned by Walmart), Ola, Swiggy, Bigbasket, Byju's, Zerodha, Razorpay and Udaan, the city's startup ecosystem has had a positive effect on other ambitious startups in high-growth mode as well. The city also tops the list in terms of number of soonicorns, with over 64 of them out of the total 148 present in the country. Some of the soonicorns in Bangalore include, Meesho, Ninjacart, Dunzo, Zoomcar, Rapido, Licious, and Practo. One might wonder what is it that makes the city a safe haven for entrepreneurs and tech startups; there are several factors that come into play. Primarily, Bangalore has fostered an environment of innovation and risk taking which was backed by the pool of talent produced by the city's countless higher education institutions. It is also one of the most millennial friendly city in India, with 37 percent of Bangalore's population falling within the age group 15 to 35 years. This young energy is complimented by a sizeable technical talent pool as it is home to over 100 engineering colleges churning out over 90,000 engineering graduates every year. A financial haven, Bengaluru's GDP is projected to grow at 8.5 percent until 2035 and it is slated to be one of the fastest-growing cities globally between 2019 and 2035. Backed by solid policies and the overall encouragement from the state government to promote and showcase Bengaluru as the technology capital has culminated in the city gaining its status as the most coveted tech startup hub of India. The current edition of StartupCity presents to you Startup of the Year 2020 ­ Bangalore edition. Do let us know your thoughts. Rachita SharmaSpecial EditorBangalore will remain the Hub of Entrepreneurship EDITOR'S NOTE Vol 7 · Issue 6 - 2 · December, 2020 Publisher Alok Chaturvedi Special Editor Rachita Sharma Editorial Team Aparna Roy Biplab Chakravarty Monica Pallavi J Riya Sethi Sales & Marketing Felish Rita Tapas Mallick Editorial Queries editor@startupcity.com To subscribe Visit www.startupcity.com/subscribe Cover price is Rs. 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 PerumalVisualisers Mohana Krishnan Siva SankarGM Sales & Marketing Virupakshi PattarsiliconindiaAugmenting doctors for diagnosis of over 40 skin and oral diseases with plans to get to 100 plus diseases in a year · Mobile phone App with no additional hardware · Built on proprietary & patented deep learning algorithms · Co-developed with doctors at AIIMS, New Delhi · Clinically validated at AIIMS · Downloaded by 10,000 doctors alreadyNurithm Labs Medical IntelligenceOfÞce: +91.98100 98971 Email: info@nurithmlabs.tech Web: http://nurithmlabs.tech/ LinkedIn: https://www.linkedin.com/company/nurithm-labs
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