India’s Silicon Valley, Bangalore, was a startup darling just two years ago, but now its star appears to be dulling.
Don’t get us wrong, Bangalore has a lot going for it — Amazon and Uber have offices there, it is home to over 2,000 active tech startups — but according to a recent report ranking startup hubs, the city has fallen five spots to No. 20 out of 55.
Hot new Asian hubs, Beijing, Shanghai and Singapore, have surpassed it, according to Startup Genome’s startup ecosystem report.
So what’s causing the decline and what can be done to stop Bangalore from losing its edge? Read more…
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