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BW Businessworld

Startup Hot Spots

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It gives me immense hope and optimism when I look at the current environment in India where a lot of professionals are setting up their own ventures. Thanks to the robust ecosystem that has come up in the last decade. This ecosystem is assisting people in raising initial capital, finding mentors, service providers to take care of support activities and mindset of industries and people to appreciate and participate with new ventures.

When I ventured into real estate, a question I often heard was: “Are you sure you want to get into a tough man’s world of real estate development?” After taking into account the opportunities and our structure and approach, the reaction changed to “We will participate with you.” It is this positivity and support that is giving wings to people like us to take off.
Prabhat Ranjan
In Startup Capitals (Random House), Zafar Anjum evaluates top ten startup hot spots across the world. The book meticulously sets up the context in terms of growing stages of companies, the role of various players in each stage, the important role of innovation and technology and the most important cog of this wheel — the venture capital, their role and evolution. The book dwells on the evolution of each city with the factors that contributed in the development of the ecosystem and the type of companies that are shaping up in that city.  In India, cities such as Bangalore, Gurgaon and Mumbai are attracting startups because of the buzz, the charged up environment, and abundance of people chasing their dreams.

The book peeps into the history, culture and trend of evolution of startup hubs. Journey across various cities also reflects that there is a common thread across these cities and they are able to attract people from across the world because of their ecosystem. This also poses the question:  if one Silicon Valley can bring about so much progress, then what would happen if all the major cities realised their true potential?

Ranjan is CMD, Olympeo Infrastructure

(This story was published in BW | Businessworld Issue Dated 29-06-2015)