Bengaluru world's fastest growing tech hub, London second: Report

Thursday, 14 Jan, 11.06 am

Bengaluru has emerged as the world's fastest-growing mature tech ecosystem in the world since 2016, followed by the European cities of London, Munich, Berlin and Paris, with India's financial centre of Mumbai in sixth place, according to new research released in London on Thursday.

Dealroom.co data analysed by London & Partners, the Mayor of London's international trade and investment agency, reveals that investment in the Karnataka capital of Bengaluru grew 5.4 times from $1.3 billion in 2016 to $7.2 billion in 2020, with the Maharashtra capital of Mumbai growing 1.7 times from $0.7 billion to $1.2 billion in the same period.

The UK capital of London registered an impressive three times growth between 2016 and 2020, rising from $3.5 billion to $10.5 billion.

It's fantastic to see that Bengaluru and London ranked as the top two fastest growing global tech hubs for VC investment.