India’s start-up narrative has largely been dictated by cities such as Mumbai, Bengaluru and Delhi. While these continue to be large start-up hubs, other cities such as Pune, Ahmedabad, Jaipur and Bhubaneswar are fast emerging epicentres for new age entrepreneurs.

From a handful of start-ups in 2014, Pune now caters to over 3,200 active start-ups in 2018.

This is according to a KPMG in India report: Pune 2:0- The Startup Hub which was released by the Chief Minister of Maharashtra Devendra Fadnavis in Mumbai. Pune’s start-up ecosystem has received close to ₹69 billion ($1 billion) funding between 2014 and 2018 the report states.

The growth has been possible only due to the broad spectrum of new age technologies that is cutting through several sectors such as financial services, agriculture, education, healthcare and life sciences, automobiles and manufacturing.

Access to high quality educational institutions, growth in the number of co-working platforms, availability of high-skilled talent and liberal government policies have helped Pune become one of India’s up and coming start-up hubs.

Pradeep Udhas, Office Managing Partner, West, and KPMG in India said “Pune has emerged as one of the most promising start-up destinations in the country. This is because of multiple factors which work in its favour, large number of universities which provide great skilled workforce, in depth expertise available due to huge presence of automotive companies. The presence of major IT firms in and venture capital funds also makes it very appealing.”

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