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Bangalore Beats Beijing And Shanghai In Terms Of Startup Funding In 2021

News Snapshot:

China might have an economy that’s six times the size of India’s, and a per-capita GDP that’s five times the size of India’s, but an Indian city has beaten all Chinese cities in terms of startup funding. Bangalore’s startups raised more funds in 2021 than those in any Chinese city. China’s startup ecosystem is significantly larger than India’s, boasting of 301 unicorn startups compared to India’s 54, but Bangalore managed to raise more funds than the Chinese startup hubs of Beijing and Shanghai. In 2021, Bangalore’s startups raised $18.6 billion (Rs. 1.39 lakh crore) in funding. In comparison, Beijing’s startups…

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