Bangalore: Choosing a startup destination highly depends on a plethora of factors and elements. Some of the key factors that determine whether a location is suitable for starting a venture depend on the availability of resources, including talent pool, office space and capital funding within the stipulated economy. A combined result of all these have lead to a changing trend of people preferring for ‘Powai’ an eastern suburb of Mumbai, reports Samidha Sharma and Hemali Chhapia of TOI

The increase in preference for ‘Powai’ for startup ventures boils down to the fact of plentiful availability of talent. Availability of talent is the main reason that attracts budding venture to Powai. The merits from IIT-Bombay and other top engineering collages can be fished out easily than others, is the main reason for startups to pitch in this lakeside town. The relatively low rent, cost of living and the risk-taking culture among the entrepreneurs all projects Powai as the new startup hotspot.

Read Also:

Hail Your Autorickshaw With mGaadi

Indian Startups On Demand: After Facebook, Now Google Gets A Piece Of