{Weekly Wrap} Startups raise $11.1 billion in 2019 amid economic slowdown (and other top stories of the day)

  • The Silicon Valley of India has remained at the forefront of tech-driven innovation, with the city possessing all the ingredients in terms of people, infrastructure, and know-how to keep this a pulsating, as well as a vibrant destination for the startup ecosystem today.
  • The Bengaluru Innovation Report 2019, a study done by leading institutional investors – Accel, 3one4 Capital, Ideaspring Capital, and the Government of Karnataka on the state of startups in Karnataka, amplifies the importance of the city as the destination for those who would like to start their tech venture.
  • 2019 was clouded with an economic slowdown, regulatory challenges, unfavourable taxation system, and global uncertainty arising from the US-China trade war, However, the Indian startup ecosystem weathered the storm and managed to raise funding through the year, working behind the scenes to strike deals with investors.
  • How Pune became a global startup hubThe growth of Pune’s startup ecosystem has been led by its wide tech talent pool, Maharashtra’s innovation-friendly policies, and other factors.

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