This Article is From Aug 07, 2015

What Makes Bengaluru India's Startup Capital

What Makes Bengaluru India's Startup Capital

The density of talent available makes for a very conducive place to start a company, says a startup founder.

Bengaluru: You can't throw a stone in Bengaluru, without hitting somebody who has started - or is about to start - a startup, many people plugged into the city's business and technology beats feel.

Raj Subramaniam, co-founder of store-billing software company Paisool, says he has heard that there are close to 400 e-commerce startups in the Koramangala area alone.

"And most of them are raised on a minimum of Rs 1 crore in funding. If you take the sheer numbers, Bengaluru sure looks like the startup capital," he says.

Enlisting a cricket analogy, he says, "Bangalore is like Kambli of '90s - massive potential, has the talent to do great things."

But the jury is still out on whether the infrastructure lives up to the promise of the talent, he says.

The city gets a vote of confidence from a woman whose own startup proved very successful indeed - Biocon's Chairperson and Managing Director, Kiran Mazumdar Shaw.

"I think the government has tried to do whatever best it could, but we should not depend on government for the startup culture," she says.

"Unless you get serious venture capital into the startup culture, you will not see this ecosystem grow. And I think the reason why the Bangalore startup cluster is growing so rapidly is because there is serious interest on the part of venture funds and angel investors," she says.

Bluestone , an online jewellery company, is one of the startups to receive funding from industrialist Ratan Tata. Its founder, Gaurav Singh Khushwaha says, "For tech startups, because of the talent that is available, the density of talent that is available, it makes for a very conducive place to start a company."

"You can start a company with low-tech muscle in the beginning, prove a concept and then go for expanding tech-muscle. An approach that many people have taken," he says.
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