A new research conducted by Dealroom.com, analysed by London & Partners – the Mayor of London’s international trade and investment agency, declared Bengaluru, capital of Karnataka to be the world’s fastest-growing tech hub. The investment in Bengaluru grew 5.4 times from $1.3 billion in 2016 to $7.2 billion in 2020. It is followed by London, Munich, Berlin and Paris. The investment in London, ranked second, grew 3 times from $3.6 billion in 2016 to $10.5 billion in 2020. It was observed that these 2 cities are strong in entrepreneurship and innovation providing opportunities to tech investors and companies to do business across both regions. Another Indian city on this list is Mumbai, ranked sixth. Investment in Mumbai grew 1.7 times from $0.7 billion in 2016 to $1.2 billion in 2020. Bengaluru is also ranked sixth for the world’s tech venture capitalist (VC) investments on the global list. The top five cities on this list are Beijing, San Francisco, New York, Shanghai, and London.
