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18 Mar 2018, Edition - 978, Sunday


  • The Congress and other political parties have been alleging that EVMs tampered during polls and demanding reintroduction of the ballot paper system of voting.
  • J&K Minister Altaf Bukhari sings praises for Separatist Syed Ali Shah Geelani | Bukhari: Geelani is a very big leader and my stature is too small
  • Pro-Khalistan terrorist convicted of killing former Punjab Chief Minister Beant Singh does not regreat his action, says his lawyer.
  • MS Dhoni all praise for Nepal after it was granted ODI status by the International Cricket Council (ICC)
  • Mohammed Shami issues clarification on wife’s ‘rape’ allegations
  • According to reports, a Bangladesh player broke the glass while celebrating the team’s win over Sri Lanka in the T20I Nidahas Trophy tri-series.
  • 43-year-old Tara had earlier confessed to his involvement in the assassination of Beant Singh in 1995.
  • Delhi: NCB (Narcotics Control Bureau) busts big drug racket.
  • 3 Bangladeshi nationals held in Pune | Arrested nationals said to have terror links | Accused have links with Al Qaeda affiliate | ATS to probe their terror links
  • Modi and his associates allegedly defrauded Punjab National Bank of around Rs 13,000 crore through fraudulent LOUs of PNB


Bangalore tops amongst other cities for attracting funds for startups. City startups speak…

Indrani Thakurata

It isn’t uncommon to see so many of your friends quit their cushy job to start something of their own. They have the idea, vision and the passion–and they hope that would be backed by some funds to get it going. The recent news of India adding about 1,000 technology start-ups in 2017 is music to many ears.

Youngsters who want to innovate in their chosen field are encouraged with such news. This obviously helps India retail its position as the third largest hub for entrepreneurship. Nasscom Chairman Raman Roy was quoted saying that 1,000 tech startups were registered this year (2017), taking their total to 5,200 and making India the world’s third largest startup ecosystem. Raman emphasised on the fact that despite tough competition from Britain and Israel, India retained its momentum as a vibrant landscape for startups. And the icing on the cake is, that within all this, it is Bengaluru which has become the top city in the country for startups as far as funding is concerned. It is indeed time to gloat.

“Reports suggest that the Startups in Bengaluru got funding of $4.1 billion for the first three quarters of 2017 as per data provided by research firm Tracxn. 2016, Delhi-NCR was ahead of Bengaluru with companies like Paytm, Snapdeal, Ibibo, MakeMyTrip. The funds that have been pumped in Flipkart and Ola have made a difference this year,” says B.R Das, Founder of Adwaita Technologies, a Tech startup. He adds, “Apart from the big guys attracting funds, I am not sure if all startups are indeed able to pull up. The ease of doing business, is not great here. Red Tapism is a huge deterrent.But yes, it is because of the talent pool that Bangalore has a thriving start up system. I am trying to do some good work too.”

Expressing his views on the same,Probal Banerjee, Founder of Antara Collectives, Bangalore says, “There is a world of difference when it comes to funding between IT based startups and non IT based startups. Access to funders also depends on your network. Unless your product/service is really unique. I think more than the existence of a startup ecology , it is a byproduct of Bangalore being the IT capital of India. That has created a heterogeneous population, substantial part of which has global exposure. So while the supply can be created by some startups, more importantly there’s a lot of demand from this population. So the boom is demography and market driven more than any other factor.”