Haryana State PCS

• 25 May 2024

Gurugram in Top 50 List of Startup Cities

Why in News?

Recently, PitchBook unveiled its global Venture Capital ecosystem rankings for 2024, showcasing the top 50 startup cities worldwide and providing insights into the development of these ecosystems.

Key Points

• Three Indian cities have featured among the top 50 startup cities globally, with Mumbai at 32nd place, Bengaluru at 34^th, and Gurugram at 48^th.
• The global startup ecosystem has seen a significant increase in innovation and growth in recent years.
  • As a result, global investors are exploring opportunities in new countries, with startups securing substantial funding and valuations reaching multi-billion-dollar levels, and cities worldwide are actively competing to establish themselves as prominent hubs for startups.
• PitchBook is the leading resource for comprehensive data, research and insights spanning the global capital markets.
• It is a financial data and software company with offices in London, New York, San Francisco and Seattle.