Mumbai’s growth from billionaire’s hub to India’s startup hub

India is slowly setting the stage to become a land of more than 250 unicorns by 2025, which is anticipated to generate a valuation of $1 billion each, catapulting the Indian economy to unprecedented highs. The start-up ‘wave’ is proliferating in India with 130 unicorns already recorded in the year FY22. This establishes India as a breeding ground for ‘startup’ ecosystem, inherited with an entrepreneurial mindset and brimming with innovation.

‘Mumbai’- the financial epicenter of India will soon morph into a new start-up global destination. With Mumbai according to a threefold growth of Unicorns in the year 2021, it will soon emerge as a favorable destination among startup generative cities. The fiscal incentive, incubation centers, innovative fundraising mechanism, tax conducive ecosystem, and new-age technology make Mumbai a polestar for the startup universe.

Perennially, acknowledged as a Billionaire’s launch pad, Mumbai’s economy is driven by equal business opportunities & rich consumer heterogeneity. Spindling on its location and thriving local business landscape, Mumbai offers cutting-edge opportunities for startup networks to broaden its horizon.

The true spirit of start-up culture is fuelled by the idea of entrepreneurship to stand out as a ‘job creator’ and not just mere ‘job seekers’. Mumbai proves to be an ideal destination to flourish in the co-existence of billionaires & start-up hubs, redefining its business scape. The city of dreams is slowly camouflaging into a land of innovation - where aspirants thrive on entrepreneurship appetite to expand its footprint worldwide.

The structural reforms and progressive policies of the Government of India are aimed to bolster the growth of the startup community aligned with a dream of shaping up New India. To achieve the vision of Atmanirbhar Bharat, the Startup community will play a catalyst role to perform, reform, and transform India’s economic growth outlook.

The recent spur in unicorns speaks volumes about the vibrancy of India’s start-up environment. Both the government and the industry take cognizance of the country’s potential to spark new ideas, nurture entrepreneurs, create employment, and park in global investments.????????

Today, start-ups play a distinctive role in strengthening the backbone of India Inc. In the age of globalization, new educational pedagogies will help to curate and expand its reach in entrepreneurial endeavors, making way for young minds to excel.??

The City of Mumbai is an ideal springboard for entrepreneurs’ who breathes business in formal and informal economic setup. Mumbai augurs well for the budding youth to Create, Collaborate, and Communicate, galvanizing their strong base for entrepreneurial ventures. Hence, it is logical for Mumbai to take a pole position as the new start-up capital of India.?