Gurgaon is the startup central
Can Gurgaon keep attracting more startups and talent in the long run?
Can Gurgaon keep attracting more startups and talent in the long run?
What is the news?
Gurgaon has emerged as a challenger to the silicon valley of India. Some of the country’s most valuable startups are from Gurgaon. It also attracts talent from across the country.
What does it mean?
Gurgaon’s population is 1.5 million. Bangalore’s is 12 million. Delhi is 20 million.
Number of new startups is increasing since 2010 ( 70 startups). Not it is 1500.
13 starts ups have market value of $ 1bn.
Startups create upto 15,000 jobs per year.
How did it happen?
Three distinctive time periods define the growth of Gurgaon into a startup hub of today.
Chapter 1: A real estate hub in late 80s
Thanks to DLF and Unitech Gurgaon became the new hub of real estate. The firms built new age offices, malls and the housing societies. It’s also near Delhi International Airport. So, it attracted MNCs such as Pepsi Co. and Yum foods.
Chapter 2: BPO Hub in late 90s
It was Gurgaon which brewed the BPO revolution. American Express, Genpact and Convergys built the early BPO businesses. At one point of time, it was the best place to work for the new graduates.
Chapter 3: Startup hub late 2000s
In the past decade successful startups such as Zomato, Oyo, Delhivery, Jabong, have made Gurgaon their home. It also has an ecosystem of accelerators, co-working spaces and rental living. Some of the byproducts are food scene and entertainment scene of Gurgaon. It’s also the fresh beer capital of India, with more than 40 fresh brew pubs.
NDBJ Insight:
Gurgaon is facing the problems of unplanned growth. Every year when it rains, citizens are not able to commute. There is no public transport. Personal vehicle is a must.
The city has very few public spaces. Just high end restaurant and expensive lounges do not make the city. Law and order is a constant irritant.
If the city is not able to solve these problems, the gains will be short term. Bangalore is already working on its infrastructure, and may leave Gurgaon behind.
NDBJ recommends:
Start me up Gurgaon. Mint