Why Chennai is the Next Hub for Startupreneurs?

FRO 2018 is one of the largest emerging platforms for Business Aspirants to socialize and learn

learn more about Aastha Singal

By Aastha Singal

Franchise India

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

Bengaluru has been rewarded with the title of India's startup hub due to a huge network of technology entrepreneurs coming from the region. Even Delhi and Mumbai have been among the cities to have given the nation renowned names. However, Chennai has remained an underrated city despite having a plethora of active angel investors operating in the region.

While there is no dearth of promising entrepreneurs in the city, their demure nature has kept them hidden in the shadows. Nonetheless, the city's highly literate population and skilled technical talent have turned it into an attractive market for budding entrepreneurs. The region's economy was earlier more dependent on the automobile industry but has shifted towards the information technology sector.

The recent years have witnessed a humongous rise of entrepreneurship in the region with startups like Freshdesk, OrangeSpace, Bharatmatrimony, Zoho and CaratLane doing exceptionally well in their respect fields. The city has an interesting DNA about being a conservative but the fact that it has been a leading business city with many well-established and diversified family-owned groups can't be neglected.

Why Chennai?

Chennai is home to many angel investors with deep pockets willing to invest in startups with innovative ideas, which has become a plus for the ambitious entrepreneurs looking for growth opportunities. The factors of good governance and integrity further make Chennai the preferred city for business leaders.

The digital disruption has opened a variety of opportunities for young startupentrepreneurs. The evolution of technology has ignited a desire of owning a business among millennials and Bengaluru, which most new entrepreneurs prefer over other cities to run their business in can't accommodate them all. Hence, Chennai is the place they turn to.

Funds Flowing

The issue of Tamil Nadu-based companies preferring to invest in Bengaluru over Chennai had become a matter of concern recently but with the state government's recent announcement confirming that investments worth Rs 45,000 crore are in the pipeline. The State industries minister M C Sampath believes that the availability of good roads, ports, railways and airports would work as a positive factor.

Chennai is among the top Indian cities with best human resources due to a maximum number of engineering and medical colleges in the region. The promised investments are expected to be for a long period due to proper government policy with a good infrastructure.

Aastha Singal

Entrepreneur Staff

Former Features Writer

A business journalist looking to find happiness in the world of startups, investments, MSMEs and more. Officially started her career as a news reporter for News World India, Aastha had short stints with NDTV and NewsX. A true optimist seeking to make a difference, she is a comic junkie who'd rather watch a typical Bollywood masala than a Hollywood blockbuster. 

Related Topics

News and Trends

Uravu Labs Raises $2.3 Million In Seed Funding

With the funding, the startup aims to take a significant step towards commercializing renewable water solutions, primarily directing the funds towards scaling up and forging new partnerships with leading players in the hospitality and beverage sector to expand their reach and impact

Leadership

5 Winning Habits That Will Transform Your Leadership Skills

Ready to take your leadership skills to the next level? Discover the five winning habits that will transform you into an exceptional leader!

Lifestyle

4 Ways To Negotiate For A Good Salary

Negotiating a salary can be an intimidating task for many, especially for those who are just starting their careers. However, with the right approach and mindset, this can become a smooth and successful process.

News and Trends

Ashneer Grover And His Sarcastic Tweet After 2nd BharatPe Co-Founder Sues Him

The BharatPe story seems to never tire of throwing up new plot twists and updates on a regular basis.

Leadership

How to Detect a Liar in Seconds Using Nonverbal Communication

There are many ways to understand if someone is not honest with you. The following signs do not even require words and are all nonverbal queues.