Bengaluru has become the fastest growing technology hub in the world since 2016, according to a research released in London on Thursday (December 14). The Indian city is followed by the European centres of London, Munich, Berlin, and Paris, while Mumbai is placed sixth on this list.
According to the Dealroom.co data analysed by London & Partners, Bengaluru showed an increase in investment of 5.4 times in four years. The investment in India’s Silicon Valley grew from USD 0.7 billion in 2016 to USD 7.2 billion in 2020.
As for London, which is placed second to Bengaluru, the investments grew from USD 3.5 billion to USD 10.5 billion between 2016 and 2020, showing a three-fold growth. Another Indian city to feature on the list, Mumbai witnessed a 1.7 times growth in investments from USD 0.7 billion to USD 1.2 billion in the same period, according to a report by the news agency PTI.
Bengaluru also ranked sixth in the overall tech venture capitalist investment list….