CURRENT AFFAIRS

Detailed explanation-1: -The study, done by Assocham, in association with Thought Arbitrage Research Institute, also revealed that Bengaluru is host to the largest share of technology startups in the country, followed by Delhi NCR and Mumbai, while Hyderabad and Chennai are also quite popular among budding tech entrepreneurs.

Detailed explanation-2: -Traditionally, India’s startup ecosystem has been concentrated in the Tier 1 cities of the country, with Bengaluru and Delhi NCR being the two largest startup hubs of the country.

Detailed explanation-3: -The city of Bengaluru and the surrounding state of Karnataka is also the world’s fourth largest technology and innovation cluster and home to more than 400+ global R&D centres.

Detailed explanation-4: -According to a report by StartupBlink, Bengaluru, Delhi-NCR and Mumbai are among the prominent startup hubs in the country. Mumbai is currently home to 17 unicorns, including UpGrad, MyGlamm and Rebel Foods.

Detailed explanation-5: -New Delhi: Chennai has emerged as the fastest-growing startup hub in India over a period of eight years, from 2014 to 2022, with a total deal count of over 300 in the period, a new report has highlighted.