Hyderabad has emerged as a powerhouse in the Indian start-up landscape because of factors like government support, a focus on emerging technologies, foreign investment, topnotch infrastructure, sector diversification and innovation-driven organisations
MAHANKALI SRINIVAS RAO CEO, T-Hub, Hyderabad
Beyond the top five cities in Outlook Start-Up Outperformers 2023, the lure of the emerging cities is clear. Here, the competitive landscape is less saturated, allowing for easier market entry. Moreover, government initiatives and infrastructure development in emerging cities are attracting businesses.
"A thriving start-up ecosystem should focus on nurturing start-ups that can make a lasting impact on the economy, create jobs and drive innovation," says Mahankali Srinivas Rao, CEO of T-Hub, an innovation hub in Hyderabad backed by the Telangana government. "Hyderabad has emerged as a powerhouse in the Indian start-up landscape because of factors like government support, a focus on emerging technologies, foreign investment, top-notch infrastructure, sector diversification and innovation-driven organisations," he adds.
It is because of these reasons that a growing number of venture capital (VC) funds are based in the city, believes Srikanth Tanikella, managing partner of Pavestone Capital in Hyderabad. There are 10-odd such funds currently in the city, he points out. Hyderabad is fifth in funding and investment and human capital and seventh in knowledge edge. Also, it has the fifth highest number of growth stage start-ups and mentor institutions, right after Gurgaon.
This story is from the November 2023 edition of Outlook Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 2023 edition of Outlook Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
SHANKAR PRASAD
C'EST LA VIE - MY FAVOURITE
Star Plus
Actor Keerthy Suresh's talents extend far beyond the silver screen. In a chat with Prachi Khanna, she talks about her growing interest in the world of investments - from real estate to tech to co-owning a cricket team
Shelter From the Storm
Taking care of 500-plus homeless was only the first of the challenges; the 24-year-old social worker has done more since
Saying No to Jugaad
In India, people often rely on a quick-fix approach to manage the daily challenges of taking insulin shots. But a Gen-Z innovator has other ideas
Green Skills Champion
An unexpected career choice was the beginning of efforts to demystify the conversation around climate change and raise awareness
Force of Change
An educator's journey that started in the municipal schools of Andheri West is helping bridge the learning gap among young students
An Appetite for Health
The 'food pharmer' has taken on some of the biggest names in the FMCG sector. His mission: to get consumers to read product labels
More Than Medals
India's success at the Paris Paralympics can inspire a new era of inclusivity
Checkmate
A new generation of chess elite, backed by early mentorship and building on the wins of the previous generation, is cementing India's place at the top
On A Strong Wicket
Team India has had a mixed month but a good year. This was the year Rohit Sharma and his boys brought the T20 World Cup back home
