Startup Ecosystems Grow in Tier-2 and Tier-3 Cities in India

Startup activity and angel investor interest is picking up in tier-2 and tier-3 cities in India, as was evident from the turnouts at recent pitching and networking sessions held in small cities by investor network platforms.

Angel investors have started roadshows and organising networking sessions in small cities to evaluate the startup ecosystem there and connect local investors and founders. These investors are investing in local startups as well as in other startups through their platforms.

There appears to be growth in the investor base from Guwahati, Kanpur, Pune, Raipur, Visakhapatnam, Agra, Jaipur and Chandigarh. Mumbai-based venture capital is also expanding into cities such as Surat and Raipur, and are holding several pitching sessions in the tier-2 and -3 cities.

The cost of building a company is lower in these cities, and several towns like Ahmedabad and Kanpur that house IITs and IIMs also have the right ingredients for startups, which is why investors want to develop the ecosystem in these cities. Surat, which has a thriving business-centric community, has to create awareness about angel funding and investing in startups.

SJP @DigitalAsian - ShareYaar

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