Bangalore Among 4 Fastest Growing Startup Cities In The World

All the Asian countries have a reason to rejoice. According to new data compiled by CB Insights, a research firm, four Asian cities which include Bangalore, Beijing, Shanghai and Tokyo have occupied the top four ranks in terms of the rate at which the VC deals are being made in them. This new accomplishment by the Asian cities validates the point that Asian cities are in fact the fastest growing technology startup hubs in the whole wide world.

The research firm compared tech deals made in the twelve month period ending last month with those in the previous twelve months. Cities which had twenty or more deals were only considered by the research firm.

Beijing saw a 165 percent growth, with the deals increasing by three times, while Tokyo saw a 126 percent growth. The number of deals increased by 81 percent in Shanghai, and Bangalore on the other hand saw a 66 percent rise in its deals.

India saw its three other cities also making the cut into the top 25 positions. Gurgaon, Mumbai and Delhi made it to the top 25 proving the fact that the startup ecosystem and activity is spreading with full force in the country. This accomplishment by the Indian cities also backed a recent study which stated India as the fastest growing startup ecosystem in the world. According to the study, around 800 startups sprout in the country on an annual basis.

The report by CB Insights gives more importance to the growth in the number of deals that the total amount of the investments, as it often gets distorted by a few mega deals. But even if we go by the dollar terms, four Indian cities still made it to the top 20, with Gurgaon sitting at number 5 and Delhi at number 6, all because of the humongous funds inflow by Softbank to taxi app Ola and ecommerce site Snapdeal.

Bangalore acquired the 11^th position on the funding growth list, while Beijing was 20^th, Shanghai 22^nd and Tokyo came in at 27^th position. The list was topped by St. Louis in Missouri, America and followed by Cincinnati, Munich and Los Altos.

With such great number of startups sprouting in the region, Asia can soon turn into the next Silicon Valley of the world.

Bangalore Among 4 Fastest Growing Startup Cities In The World

All the Asian countries have a reason to rejoice. According to new data compiled by CB Insights, a research firm, four Asian cities which include Bangalore, Beijing, Shanghai and Tokyo have occupied the top four ranks in terms of the rate at which the VC deals are being made in them. This new accomplishment by the Asian cities validates the point that Asian cities are in fact the fastest growing technology startup hubs in the whole wide world.

The research firm compared tech deals made in the twelve month period ending last month with those in the previous twelve months. Cities which had twenty or more deals were only considered by the research firm.

Beijing saw a 165 percent growth, with the deals increasing by three times, while Tokyo saw a 126 percent growth. The number of deals increased by 81 percent in Shanghai, and Bangalore on the other hand saw a 66 percent rise in its deals.

India saw its three other cities also making the cut into the top 25 positions. Gurgaon, Mumbai and Delhi made it to the top 25 proving the fact that the startup ecosystem and activity is spreading with full force in the country. This accomplishment by the Indian cities also backed a recent study which stated India as the fastest growing startup ecosystem in the world. According to the study, around 800 startups sprout in the country on an annual basis.

The report by CB Insights gives more importance to the growth in the number of deals that the total amount of the investments, as it often gets distorted by a few mega deals. But even if we go by the dollar terms, four Indian cities still made it to the top 20, with Gurgaon sitting at number 5 and Delhi at number 6, all because of the humongous funds inflow by Softbank to taxi app Ola and ecommerce site Snapdeal.

Bangalore acquired the 11^th position on the funding growth list, while Beijing was 20^th, Shanghai 22^nd and Tokyo came in at 27^th position. The list was topped by St. Louis in Missouri, America and followed by Cincinnati, Munich and Los Altos.

With such great number of startups sprouting in the region, Asia can soon turn into the next Silicon Valley of the world.

Xiomi called 'Apple of China' to launch in India soon

Xiaomi, the Chinese Smartphone manufacturer also famously known as China’s Apple is soon going to make its way into the Indian market. The company recently announced this by launching its website - www.mi.com/in/ in India.

The Chinese manufacturer is famous for providing the same quality as provided by manufacturers like HTC and Samsung but at almost half the cost. This feature of the company has made it a worldwide sensation.

The company is trying to find its foothold in India by promoting itself heavily on Facebook through its page. Xiaomi recently also hired Manu Jain, who is the co-founder of Jabong.com as the company’s GM for India.

Xiaomi is headquartered in Beijing and was founded by serial entrepreneur Lei Jun in 2010. The company has apparently already sold about 17 million handsets in China. Oppo, Huawei, Lenovo and Gionee are some of the other handsets manufactured by Chinese firms that are already being sold in India.

Xiaomi’s plans of venturing into the million dollar Indian Smartphone market were first indicated by Huga Barra. He is the VP for International Relations at Xiaomi.  Bara was previously a high ranking executive with Google’s Android team. He recently joined Xiaomi in late 2013.

The company launches its products in batches. In China, these batches are sold out within hours of launching. Xiaomi is also popular for selling its products directly through its own online store.

The company sells its products at almost cost. High-end components are provided by vendors like LG, Qualcomm, JDI and Sony. The Chinese based manufacturer makes profit by providing a lot of services like an app store, a cloud based service and cutting out all the middle men involved in the retail channel.

How this strategy of the company works out for the Indian market will be interesting to see as the Google Play store which is blocked in China is very much available in India. Will or will not the company be able to sustain itself from the competition it will face from the Google services is yet to be seen.

Xiaomi may start its operations in India by September or October by launching its first product around Diwali according to BGR India.

Top Image - SCMP

Xiomi called 'Apple of China' to launch in India soon

Xiaomi, the Chinese Smartphone manufacturer also famously known as China’s Apple is soon going to make its way into the Indian market. The company recently announced this by launching its website - www.mi.com/in/ in India.

The Chinese manufacturer is famous for providing the same quality as provided by manufacturers like HTC and Samsung but at almost half the cost. This feature of the company has made it a worldwide sensation.

The company is trying to find its foothold in India by promoting itself heavily on Facebook through its page. Xiaomi recently also hired Manu Jain, who is the co-founder of Jabong.com as the company’s GM for India.

Xiaomi is headquartered in Beijing and was founded by serial entrepreneur Lei Jun in 2010. The company has apparently already sold about 17 million handsets in China. Oppo, Huawei, Lenovo and Gionee are some of the other handsets manufactured by Chinese firms that are already being sold in India.

Xiaomi’s plans of venturing into the million dollar Indian Smartphone market were first indicated by Huga Barra. He is the VP for International Relations at Xiaomi.  Bara was previously a high ranking executive with Google’s Android team. He recently joined Xiaomi in late 2013.

The company launches its products in batches. In China, these batches are sold out within hours of launching. Xiaomi is also popular for selling its products directly through its own online store.

The company sells its products at almost cost. High-end components are provided by vendors like LG, Qualcomm, JDI and Sony. The Chinese based manufacturer makes profit by providing a lot of services like an app store, a cloud based service and cutting out all the middle men involved in the retail channel.

How this strategy of the company works out for the Indian market will be interesting to see as the Google Play store which is blocked in China is very much available in India. Will or will not the company be able to sustain itself from the competition it will face from the Google services is yet to be seen.

Xiaomi may start its operations in India by September or October by launching its first product around Diwali according to BGR India.

Top Image - SCMP