Chandigarh’s rise as a startup innovation hub

But, the success story of the Chandigarh-Panchkula-Mohali tricity came into the spotlight only in July 2020, when PrepLadder was acquired by edtech giant Unacademy for $50 million.
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A small city of just over 10 lakh people, Chandigarh is home to about 558 tech startups.

In the past few years, several Chandigarh-based startups such as Jugnoo, LetsShave, Pumpkart, EduRev, Trideal, PayMart, among others have been backed by the likes of Kalaari Capital, Omnivore, Wipro Consumer Care Ventures, Y Combinator, Indian Angel Network, etc.

But, the success story of the Chandigarh-Panchkula-Mohali tricity came into the spotlight only in July 2020, when PrepLadder was acquired by edtech giant Unacademy for $50 million.

While Chandigarh’s core sector — IT services — has been strengthening over the years with SaaS startups like authorSTREAM, SchoolPad, Uengage, and Click Labs, other areas like pharma and agriculture have also shown major potential.

As per the ministry data, Chandigarh led the startup innovation in North India with 89 patent requests in 2019-2020.  

“We need to play on our strength and build a market. There is a huge potential for smart talent to co-create products and services with experienced experts in the domain," says Alok Ramsisaria, CEO, Grazitti Interactive. 

Now, the tricity is coming up with its own Startup Policy with a special focus on women entrepreneurship, a dedicated startup hub, a seed fund with a corpus of Rs 50 crore, and more.

Read all about how the Indian startup ecosystem is battling the second wave of COVID-19 here.

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You can also share a tribute to COVID-19 warriors, saviours, and survivors here.


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Before you go, stay inspired with… 

“Chandigarh has been a net exporter of tech talent. With remote working, the dynamics are shifting.”

Deepanshu Goyal, Co-founder, PrepLadder


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