Karnataka Ranks 14th Among Top 40 Startup Ecosystems Worldwide, Report Reveals

Bengaluru has moved up seven places in the global startup ecosystem, reaching $136 billion in 2024, driven by fintech, space tech, and AI.
Image by Diksha Mishra
Karnataka’s startup ecosystem, predominantly concentrated in its capital Bengaluru, has jumped seven positions to rank 14th in The Global Startup Ecosystem Report (GSER) by Startup Genome. This marks a record leap for the state and places it among the top global hubs. Karnataka is the only Indian city to feature in the global 40 ranking. While other Indian states like Telangana, Tamil Nadu, and Kerala were part of the report, they were included in the emerging startup ecosystem and not in the top tier.  The report, released on June 12 in France, presents a comprehensive assessment of the global startup ecosystem. It analyses over five million startups across 350 ecosystems using metrics such as funding, talent, market reach, AI readiness and more. Bengaluru’s Growing
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Picture of Smruthi Nadig
Smruthi Nadig
Smruthi brings over two years of experience in reporting on the global energy industry. They hold a Master's Degree from the University of Leeds in International Journalism and a Bachelor's Degree from Christ University in Media Studies, Economics and Political Science.
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