Mumbai's journey from India's financial capital to a bustling startup hub
Did you know that several major startups like Ola, InMobi, Instamojo, and Quikr started their operations in Mumbai before changing base to Bengaluru?
However, since then, favourable state government policies and a robust financial and entrepreneurial operating environment have elevated Mumbai's standing as the third-largest startup hub in the country after Bengaluru and Delhi-NCR.
Today, the coastal city contributes $5.2 billion to India’s GDP annually and houses more than 9,000 startups. From billionaires to a fintech focus, read more to find out about the factors fostering Mumbai's bustling startup culture.
Founders of Dunzo - Kabeer, Mukund, Ankur, and Dalvir
Take a closer look at Bengaluru-based startup Dunzo, which began life in 2015 as a WhatsApp service and is now synonymous with getting your tasks done.
Akshay Jain and Mayank Jain, Managing Partners at Greenways
Delhi-based Greenways expanded into women ethnic wear range with a flagship store in Cannaught Place. Its stores now record a footfall on 20,000 customers every month.
Right from soaps and detergents to bags and clothes, consumers in India are now looking for eco-friendly products while keeping quality and prices in mind.
Rashim Mogha is Head of AAU Products at Automation Anywhere and the Founder of eWOW, which helps women to be successful at the workplace.
The HelloDoc Team
HelloDoc began life as a dental helpline, but pivoted to an aggregation platform for conventional and alternative medicine providers, focussing on the preventive and wellness spaces.
Vijay Shekhar Sharma, Founder of Paytm
Paytm attributed the success to its latest all-in-one QR code that accepts payments from all UPI-based platforms, simplifying payments for merchants and retailers.
Stackby is taking on the likes of Zoho and Freshworks by bringing in an easy-to-use collaborative workflow management tool that can be easily deployed without technical onboarding.