Bengaluru, Mumbai become the fastest growing technology hub

Bangalore has emerged as the fastest growing technology hub in the world. Bangalore has been the fastest-growing mature technology ecosystem in the world since 2016, according to recent research released in London on Thursday. Bengaluru is followed by European cities – London, Munich, Berlin, and Paris. Mumbai, the country’s financial capital, is ranked sixth on the list.

Bangalore ranked sixth in the list of technology venture capital investment

Bharucha said, ‘London has strong trade and investment ties with India’s cities. Today’s data suggests opportunities for future technology partnerships between Britain and India. Bangalore also ranks sixth on the global list in terms of technology venture capital (VC) investment. Beijing and San Francisco are in first place on this list. They are followed by New York, Shanghai, and London. Mumbai ranks 21st on this list.

Investment reached $ 7.2 billion in Bangalore

London & Partners has analyzed data. According to the data, investment in Karnataka’s capital Bangalore has increased 5.4 times from $ 1.3 billion in 2016 to $ 7.2 billion in 2020. Investment in Maharashtra’s capital Mumbai has increased 1.7 times in the same period from $ 700 million to $ 1.2 billion. Investment in the UK capital London has tripled from $ 3.5 billion to $ 10.5 billion

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