According to recent data, the number of funding rounds in tier-2 cities reached 710 in 2022, and there have already been 142 funding rounds in tier-2 cities and 15 in tier-3 cities in the current year, indicating a growing interest from investors. While major hubs like Bangalore, DelhiNCR, and Mumbai have traditionally led the way in job creation and technological advancements, venture capital funds are now recognizing the potential of these emerging startup ecosystems. Tier-2 cities have witnessed startups raising around $785.8 million in funding in 2023 YTD, and in 2022, the total funding in tier-3 cities crossed the milestone of $1 billion for the first time, reaching $1.6 billion. Our Bharat 2.0 issue, the very first among our newest IPs aims to answer how tier-2 and tier-3 cities will play a crucial role in driving India's startup growth and economic development in the years to come. While shortlising the companies for this edition we looked at the untapped potential and the rise of regional innovation hubs across the country.
ANURAG JAIN, CO-FOUNDER & AMIT JAIN,
CEO AND CO FOUNDER, CARDEKHO
CARDEKHO: BUILT WITH PRECISION
Our love for cars led me and my brother Anurag Jain to the Auto Expo in 2008, where we were surprised by the limited product information available. This experience and a gap inspired us to establish the CarDekho Group, which has evolved into a conglomerate of thriving companies in various verticals,” said Amit Jain, CEO and co founder,
CarDekho To have a successful business, one does not have to start in cities like Bangalore, Delhi, etc. It’s the founders and their intent that run the business. The journey began in 2008 with the establishment of an online car review portal in Jaipur, Rajasthan. Over time, the group transformed into a comprehensive platform that offers a range of auto and nonauto solutions.
Denne historien er fra June-July 2023-utgaven av Entrepreneur magazine.
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Denne historien er fra June-July 2023-utgaven av Entrepreneur magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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How to Become a Main Street Millionaire
It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.
Want to Better Serve Your Clients? Become Them.
As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.
How to Succeed With Gen Z Workers
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