More start-ups are founded every year in Bengaluru than in San Francisco
February 15, 2021
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In 2015, as many as 3,080 firms were founded in the Indian city as against 2,040 companies in the US city, according to Tracxn
Bengaluru, the start-up hub of India, is giving its global counterpart, San Francisco, a run for its money of late. As per data from Tracxn, a firm that tracks investments and financials of private companies and start-ups, the number of start-ups founded in Bengaluru has been significantly higher than in San Francisco in the past five years.
For instance, in 2015, 3,080 firms were founded in the Indian city, as against 2,040 companies in the US’s San Francisco. Similarly, in 2018, 1,564 start-ups were founded in Bengaluru as compared to 1,278 in San Francisco. Likewise, in 2020, Bengaluru’s count stood at 805, whereas the US city’s figure was 619.
IT outsourcing sector growth is an indication that businesses are beginning to see light at the end of the tunnel amid the Covid-19 pandemic and the economic disruption it has brought.
Read more about Large IT outsourcing contracts back on the market as clients optimise cost on Business Standard. In the past 10 months, large Indian IT services firms had signed a number of major outsourcing projects involving millions of dollars.
at all costs too. basically they re taking our hard-earned money at a time when we re running, about, how much trillions of dollars we re in debt right now? you re taking money to give it to china, chinese company, china, just announced they re growing at 7.9%. we re barely growing our economy at 2% and we re giving them money. bill: critics say we boosted electricity output. that was productive for the united states. they don t call it outsourcing. they call it insourcing. you can call it whatever you want. call it whatever you like. the goal of the stimulus was to create american jobs, yes i will give them a bit of credit they will create some american jobs here. the problem, they re not long-term. they re not sustainable. the other issue you re supposed to push entrepreneurship, small business here in the united states. one of the small business renewable energy companies says we can t compete. when the money is doled out, these big firms come from europe and asia and they jump