Bengaluru: Bengaluru is ranked 23rd among the top 30 global global ecosystems based on policy advisors and research organizations Startup Genome is a report of the global beginner ecosystem 2021.
The city is ranked 2020.
It increases its ranking in areas such as funds, connection and knowledge.
Delhi was among the runners, with rank 36, supported especially with funding.
Mumbai is No.
1 Among the ecosystems that appear.
Silicon Valley ranked No.
1, followed by New York City and London, which for two consecutive years has been tied to place No.
2, Beijing is at No.
4 and Boston on No.
5.
Bengaluru has an ecosystem value of $ 53.
billion.
This is calculated as a total assessment of exit and startup assessment for two and a half years (ending June 2020).
The global average is $ 10.5 billion.
The city, home to more than 4,000 startups, has accumulated $ 1.4 billion in initial funding (the number of all seeds and investment series in 2018, 2019, and the first half of 2020), with a global average of $ 431 million.
The average salary for software engineers in the city is $ 13,000, compared to the global average of $ 42,100.
The average software engineer salary in Silicon Valley is $ 119,000.
Indian Startup collected $ 12.1 billion in the first half of this year.
In August, India has spawned 24 Unicorns in 2021 – including six in just four days in April.
The Startup Genome report shows that the global beginner economy is worth more than $ 3.8 trillion in ecosystem values, more than individual GDP from most G7 countries, does not include outward values ​​before 2018.
North America continues to dominate global rating, with 50% of 30 ecosystems Top that comes from this region, followed by Asia with 27% and Europe with 17%.
In the category called the emerging ecosystem, the top 100 is collectively worth more than $ 540 billion in the value of the ecosystem, which is a 55% increase from last year.
Among the ecosystems that appear, Mumbai outperformed all the others in performance, funding, experience, and talent.
The top 100 ecosystems that emerged create 124 billion dollars in the period between 2011 and 2020, with 53 ecosystems that contribute to the majority.
Mena (Middle East and North Africa) began producing Unicorn in 2016 and Latin America in 2018.
Asia is currently leading.
It accounts for 36% of billions of dollars, followed by North America with 30% and Europe with 27%.
Chennai, Pune, and Hyderabad figure in 100 ecosystems that appeared.
Top 10 with an ecosystem value in the emerging segment was led by Detroit with $ 37.2 billion, followed by Bucharest and Jakarta each with $ 35.3 billion and $ 34 billion.
Mumbai took eighth position with $ 15.3 billion.
Deep Tech (Further Manufacturing & Robotics, Blockchain, AGTech & New Food, AI & Big Data) remain the fastest growing group globally.
Fintech has also experienced substantial growth in the last five years.
The report said that Edtech and Gaming had increased a series of funds returning to the mature phase.