Bengaluru Positions 20th In Global Startup Ecosystem List According to the report, Silicon Valley remained in the top and New York City and London were tied at the second spot

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


According to a report released by policy advisory and research firm Startup Genome's the 'Global Startup Ecosystems Report (GSER) 2023, Bengaluru has positioned to the 20th spot, moving two places from the last year, while Silicon Valley remained in the top and New York City and London were tied at the second spot.

The report, cited by the TOI, offers a detailed look into the world's top startup ecosystems, while tracking emerging trends and challenges faced by entrepreneurs. GSER is a comprehensive analysis of startup ecosystems around the world.

As per the report, among the emerging ecosystems, Pune has moved into the 31­40 range in 2023, from 51–60 in 2022. New Delhi and Mumbai were ranked 24th and 31st, respectively, adding that several Indian cities have moved up several notches in the rankings, thanks to India's growing digital public infrastructure that has proved to be a game changer.

"The Covid­-led growth in tech impacted countries to very different degrees and this is reflected in movements in the global rankings. India is up due to its world-­leading growth in 2021 and 2022 and this trajectory may well continue," J F Gauthier, founder and CEO, Startup Genome, reportedly said in a statement.

According to the GSER-2022, Bengaluru was among the top 15 global ecosystems in funding and is among the top 25 global ecosystems in performance, whereas in 2021, Bengaluru outperformed both Beijing and Shanghai in the amount of venture capital raised and number of rounds

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Related Topics

Business Plans

11 Free Courses and Learning Resources for Small Business Owners

Big businesses have a wealth of expertise, and the ones on our Champions of Small Business list want to make their know-how available to you.


Here's How Critical Thinkers Unlock Unimaginable Success

On this episode of "The Jeff Fenster Show," Contrarian Thinking founder Codie Sanchez breaks down risk-taking, deal-making, and the personal mental processes that will help you achieve your goals.


There's a Scientific Reason You Can't Stop Thinking About Unfinished Tasks. Learning to Harness That Energy Will Make You More Productive.

Why unfinished work captures our attention more than finished tasks, and how to leverage that psychological tendency for both personal and professional betterment.

News and Trends

AltUni Raises $500,000 Million Funding

The capital raised will be deployed for further developing its online platforms and strengthening community engagement to make India's youth industry-ready


5 Ways to Be a Better Listener

Evolved listening skills are key for business leaders to process feedback and build a loyal following. Here within are five steps for a more effective exchange.


How to Master Decision-Making in a World Full of Options

Use these seven practical strategies to make more effective business choices.