Bengaluru topped Beijing and Shanghai in venture funding in 2021

[INDIAPOSITIVE]

Bengaluru more than doubled its venture capital funding to $18.6 billion in 2021.

The stellar growth put India’s Silicon Valley ahead of China’s Beijing and Shanghai, which have historically clocked much higher figures, says a report from London & Partners and Dealroom.co.


Bengaluru also had the two Chinese cities beat by a mile in the number of funding rounds.


The capital of the southern Indian state of Karnataka ranked fourth in the top 10 hubs by new unicorns category, something no Chinese city made an appearance in.

Do investors prefer China over India?
The investment sentiment in China has been souring in recent times with Xi Jinping’s administration cracking down on tech and other private sector companies and high-profile entrepreneurs.


Investors are, thus, looking at India more favourably. The country is flush with VC money, a growing talent pool, and untapped domestic demand.

At the same time, a key turnoff point, that Indian startups don’t provide lucrative exits, is being laid to rest. Last year saw a string of IPOs. Barring Paytm’s devastating performance, other market debuts such as Zomato, Nykaa, and PolicyBazaar fared well.

Overall, though, China is still ahead of India because it’s been in the race longer and has created more hubs that still stoke interest in global investors. India, no doubt, is rapidly bridging the gap.

Yet, neither country can match the US, which nearly doubled its total VC funding to $328 billion in 2021.

Bengaluru topped Beijing and Shanghai in venture funding in 2021

India's IT hub clocked more deals and had more unicorns than any Chinese city, too.

qz.com

 

[Black Tornado]

Bengaluru more than doubled its venture capital funding to $18.6 billion in 2021.

The stellar growth put India’s Silicon Valley ahead of China’s Beijing and Shanghai, which have historically clocked much higher figures, says a report from London & Partners and Dealroom.co.


Bengaluru also had the two Chinese cities beat by a mile in the number of funding rounds.


The capital of the southern Indian state of Karnataka ranked fourth in the top 10 hubs by new unicorns category, something no Chinese city made an appearance in.

Do investors prefer China over India?
The investment sentiment in China has been souring in recent times with Xi Jinping’s administration cracking down on tech and other private sector companies and high-profile entrepreneurs.


Investors are, thus, looking at India more favourably. The country is flush with VC money, a growing talent pool, and untapped domestic demand.

At the same time, a key turnoff point, that Indian startups don’t provide lucrative exits, is being laid to rest. Last year saw a string of IPOs. Barring Paytm’s devastating performance, other market debuts such as Zomato, Nykaa, and PolicyBazaar fared well.

Overall, though, China is still ahead of India because it’s been in the race longer and has created more hubs that still stoke interest in global investors. India, no doubt, is rapidly bridging the gap.

Yet, neither country can match the US, which nearly doubled its total VC funding to $328 billion in 2021.

Bengaluru topped Beijing and Shanghai in venture funding in 2021

India's IT hub clocked more deals and had more unicorns than any Chinese city, too.

qz.com

2 of their cities combined got more than what India got, instead of it we should make sure whole country receives high funding, until then there are multiple chinese cities raising similar funding while we have maybe 2 or 3.

 

[xuxu1457]

yes，Indian news always find a special view point to be proud

India total 36billion，but half in one city
China 131billion
North America, with $330 billion, in which US 296BILLION
the world 643 billion

 

[faithfulguy]

yes，Indian news always find a special view point to be proud

India total 36billion，but half in one city
China 131billion
North America, with $330 billion, in which US 296BILLION
the world 643 billion

Indians are experts at working with numbers for bragging purposes. This is another example. As usual, they are easily exposed. Another bragging failure.

 

[beijingwalker]

Traffic, water shortages and floods: The slow death of India's tech hub​

• Residents are evacuated to safer places in a tractor after heavy rains caused flooding in a residential area of Bengaluru in November 2021. | REUTERS

Sep 16, 2022

BENGALURU – Harish Pullanoor spent his weekends in the late 1980s tramping around the marshes and ponds of Yemalur, an area then on the eastern edge of the Indian metropolis of Bengaluru, where his cousins would join him catching small freshwater fish.

In the 1990s, Bengaluru, once a genteel city of gardens, lakes and a cool climate, rapidly became India’s answer to Silicon Valley, attracting millions of workers and the regional headquarters of some of the world’s biggest IT companies.

The untrammeled expansion came at a price.

Concrete replaced green spaces and construction around the edge of lakes blocked off connecting canals, limiting the city’s capacity to absorb and siphon off water.

Last week, after the city’s heaviest rains in decades, the Yemalur neighborhood was submerged under waist-deep water along with some other parts of Bengaluru, disrupting the southern metropolis’ IT industry and dealing a blow to its reputation.

Residents fed up with gridlocked traffic and water shortages during the dry season have long complained about the city’s infrastructure.

But flooding during the monsoon has raised fresh questions about the sustainability of rapid urban development, especially if weather patterns become more erratic and intense because of climate change.

“It’s very, very sad,” said Pullanoor, who was born close to Yemalur but now lives in the western city of Mumbai, parts of which also face sporadic flooding like many of India’s urban centers.

“The trees have disappeared. The parks have almost disappeared. There is chock-a-block traffic.”

Big businesses are also complaining about worsening disruptions, which they say can cost them tens of millions of dollars in a single day.

Bengaluru hosts more than 3,500 IT companies and some 79 “tech parks” — upmarket premises that house offices and entertainment areas catering to technology workers.

Wading through flooded highways last week, they struggled to reach modern glass-faced complexes in and around Yemalur where multinational firms including JP Morgan and Deloitte operate alongside large Indian start-ups.

Millionaire entrepreneurs were among those forced to escape flooded living rooms and swamped bedrooms on the back of tractors.

Insurance companies said initial estimates for loss of property were ran into millions of rupees, with numbers expected to go up in the next few days.

The latest chaos triggered renewed worries from the $194 billion Indian IT services industry that is concentrated around the city.

“India is a tech hub for global enterprises, so any disruption here will have a global impact. Bangalore, being the center of IT, will be no exception to this,” said K.S. Viswanathan, vice president at industry lobby group the National Association of Software and Services Companies (NASSCOM).

Bangalore was renamed Bengaluru in 2014.

NASSCOM is currently working to identify 15 new cities that could become software export hubs, said Viswanathan, who is driving the project.

“It is not a city-versus-city story,” he said. “We as a country don’t want to miss out on revenue and business opportunities because of a lack of infrastructure.”

Even before the floods, some business groups including the Outer Ring Road Companies Association (ORRCA) that is led by executives from Intel, Goldman Sachs, Microsoft and Wipro, warned inadequate infrastructure in Bengaluru could encourage companies to leave.

“We have been talking about these for years,” Krishna Kumar, general manager of ORRCA, said last week of problems related to Bengaluru’s infrastructure. “We have come to a serious point now and all companies are on the same page.”

In the early 1970s, more than 68% of Bengaluru was covered in vegetation.

People use boats to move through a water-logged neighborhood following torrential rains in Bengaluru on Sept. 7. | REUTERS
By the late 1990s, the city’s green cover had dropped to around 45% and by 2021 to less than 3% of its total area of 741 square kilometers, according to an analysis by T.V. Ramachandra of Bengaluru’s Indian Institute of Science (IISC).

Green spaces can help absorb and temporarily store storm water, helping to protect built up areas.

“If this trend continues, by 2025, 98.5% (of the city) will be choked with concrete,” said Ramachandra, who is part of IISC’s Centre for Ecological Sciences.

Rapid urban expansion, often featuring illegal structures built without permission, has affected Bengaluru’s nearly 200 lakes and a network of canals that once connected them, according to experts.

So when heavy rains lash the city like they did last week, drainage systems are unable to keep up, especially in low-lying areas like Yemalur.

The state government of Karnataka, where Bengaluru is located, said last week it would spent 3 billion Indian rupees ($37.8 million) to help manage the flood situation, including removing unauthorized developments, improving drainage systems and controlling water levels in lakes.

“All the encroachments will be removed without any mercy,” Karnataka Chief Minister Basavaraj Bommai told reporters. “I will personally go and inspect.”

Authorities have identified around 50 areas in Bengaluru that have been illegally developed. Those included high-end villas and apartments, according to Tushar Girinath, Chief Commissioner of Bengaluru’s civic authority.

Last week, the state government also announced it would set up a body to manage Bengaluru’s traffic and start discussions on a new storm water drainage project along a major highway.

Critics called the initiatives a knee-jerk reaction that could peter out.

“Every time it floods, only then we discuss,” said IISC’s Ramachandra. “Bengaluru is decaying. It will die.”

Traffic, water shortages and floods: The slow death of India's tech hub

In the 1990s, Bengaluru rapidly became India's answer to Silicon Valley, attracting millions of workers and some of the biggest IT firms.

www.japantimes.co.jp

 

[Lava820]

Traffic, water shortages and floods: The slow death of India's tech hub​

• Residents are evacuated to safer places in a tractor after heavy rains caused flooding in a residential area of Bengaluru in November 2021. | REUTERS

Sep 16, 2022

BENGALURU – Harish Pullanoor spent his weekends in the late 1980s tramping around the marshes and ponds of Yemalur, an area then on the eastern edge of the Indian metropolis of Bengaluru, where his cousins would join him catching small freshwater fish.

In the 1990s, Bengaluru, once a genteel city of gardens, lakes and a cool climate, rapidly became India’s answer to Silicon Valley, attracting millions of workers and the regional headquarters of some of the world’s biggest IT companies.

The untrammeled expansion came at a price.

Concrete replaced green spaces and construction around the edge of lakes blocked off connecting canals, limiting the city’s capacity to absorb and siphon off water.

Last week, after the city’s heaviest rains in decades, the Yemalur neighborhood was submerged under waist-deep water along with some other parts of Bengaluru, disrupting the southern metropolis’ IT industry and dealing a blow to its reputation.

Residents fed up with gridlocked traffic and water shortages during the dry season have long complained about the city’s infrastructure.

But flooding during the monsoon has raised fresh questions about the sustainability of rapid urban development, especially if weather patterns become more erratic and intense because of climate change.

“It’s very, very sad,” said Pullanoor, who was born close to Yemalur but now lives in the western city of Mumbai, parts of which also face sporadic flooding like many of India’s urban centers.

“The trees have disappeared. The parks have almost disappeared. There is chock-a-block traffic.”

Big businesses are also complaining about worsening disruptions, which they say can cost them tens of millions of dollars in a single day.

Bengaluru hosts more than 3,500 IT companies and some 79 “tech parks” — upmarket premises that house offices and entertainment areas catering to technology workers.

Wading through flooded highways last week, they struggled to reach modern glass-faced complexes in and around Yemalur where multinational firms including JP Morgan and Deloitte operate alongside large Indian start-ups.

Millionaire entrepreneurs were among those forced to escape flooded living rooms and swamped bedrooms on the back of tractors.

Insurance companies said initial estimates for loss of property were ran into millions of rupees, with numbers expected to go up in the next few days.

The latest chaos triggered renewed worries from the $194 billion Indian IT services industry that is concentrated around the city.

“India is a tech hub for global enterprises, so any disruption here will have a global impact. Bangalore, being the center of IT, will be no exception to this,” said K.S. Viswanathan, vice president at industry lobby group the National Association of Software and Services Companies (NASSCOM).

Bangalore was renamed Bengaluru in 2014.

NASSCOM is currently working to identify 15 new cities that could become software export hubs, said Viswanathan, who is driving the project.

“It is not a city-versus-city story,” he said. “We as a country don’t want to miss out on revenue and business opportunities because of a lack of infrastructure.”

Even before the floods, some business groups including the Outer Ring Road Companies Association (ORRCA) that is led by executives from Intel, Goldman Sachs, Microsoft and Wipro, warned inadequate infrastructure in Bengaluru could encourage companies to leave.

“We have been talking about these for years,” Krishna Kumar, general manager of ORRCA, said last week of problems related to Bengaluru’s infrastructure. “We have come to a serious point now and all companies are on the same page.”

In the early 1970s, more than 68% of Bengaluru was covered in vegetation.

People use boats to move through a water-logged neighborhood following torrential rains in Bengaluru on Sept. 7. | REUTERS
By the late 1990s, the city’s green cover had dropped to around 45% and by 2021 to less than 3% of its total area of 741 square kilometers, according to an analysis by T.V. Ramachandra of Bengaluru’s Indian Institute of Science (IISC).

Green spaces can help absorb and temporarily store storm water, helping to protect built up areas.

“If this trend continues, by 2025, 98.5% (of the city) will be choked with concrete,” said Ramachandra, who is part of IISC’s Centre for Ecological Sciences.

Rapid urban expansion, often featuring illegal structures built without permission, has affected Bengaluru’s nearly 200 lakes and a network of canals that once connected them, according to experts.

So when heavy rains lash the city like they did last week, drainage systems are unable to keep up, especially in low-lying areas like Yemalur.

The state government of Karnataka, where Bengaluru is located, said last week it would spent 3 billion Indian rupees ($37.8 million) to help manage the flood situation, including removing unauthorized developments, improving drainage systems and controlling water levels in lakes.

“All the encroachments will be removed without any mercy,” Karnataka Chief Minister Basavaraj Bommai told reporters. “I will personally go and inspect.”

Authorities have identified around 50 areas in Bengaluru that have been illegally developed. Those included high-end villas and apartments, according to Tushar Girinath, Chief Commissioner of Bengaluru’s civic authority.

Last week, the state government also announced it would set up a body to manage Bengaluru’s traffic and start discussions on a new storm water drainage project along a major highway.

Critics called the initiatives a knee-jerk reaction that could peter out.

“Every time it floods, only then we discuss,” said IISC’s Ramachandra. “Bengaluru is decaying. It will die.”

Traffic, water shortages and floods: The slow death of India's tech hub

In the 1990s, Bengaluru rapidly became India's answer to Silicon Valley, attracting millions of workers and some of the biggest IT firms.

www.japantimes.co.jp

@Black Tornado @Cheepek @VkdIndian @Raj-Hindustani Do you guys remember what he has said 3 days ago that he is not interested in Indian news? But when it comes to negative news regarding India than this wumao gangs are more interested in posting this BS articles on PDF. Why such desperation?

 

[beijingwalker]

@Black Tornado @Cheepek @VkdIndian @Raj-Hindustani Do you guys remember what he has said 3 days ago that he is not interested in Indian news? But when it comes to negative news regarding India than this wumao gangs are more interested in posting this BS articles on PDF. Why such desperation?

Thank you for your repeated provocation against China, I will do my part to return the favor from now on.

 

[Kingdom come]

I have been to bengaluru,it's daily occurance for people on bikes use to go and grope women in the streets then flee,or bikers used to mug money from people from streets ,myself a personal victim,such a hellhole teeming with savages.

Can you speak the language let's talk @Black Tornado

@Kyusuibu Honbu

@LakeHawk180 @Lava820

report to the mods all off-topic posts of the false flagger thanks


@Kyusuibu Honbu @Black Tornado
@Cheepek
Ask him some questions in the language he has been to Bengaluru knows the language otherwise how can he know he was being mugged ?
Don't tell me the muggers spoke Mandarin

 

[Black Tornado]

@Black Tornado @Cheepek @VkdIndian @Raj-Hindustani Do you guys remember what he has said 3 days ago that he is not interested in Indian news? But when it comes to negative news regarding India than this wumao gangs are more interested in posting this BS articles on PDF. Why such desperation?

Don’t worry, we’ll see worse in Shanghai just wait .

Powerful typhoon Muifa to hit Shanghai with strong winds, flooding

Typhoon Muifa heading towards the heavily populated region along China’s eastern coast threatens to bring strong winds and flooding

www.livemint.com

Can you speak the language let's talk @Black Tornado

@Kyusuibu Honbu

@LakeHawk180 @Lava820

report to the mods all off-topic posts of the false flagger thanks


@Kyusuibu Honbu @Black Tornado
@Cheepek
Ask him some questions in the language he has been to Bengaluru knows the language otherwise how can he know he was being mugged ?
Don't tell me the muggers spoke Mandarin

He’s a Han pretending to be from NE so badmouthing others is in the blood and genes.