India’s startup stateTelanganahas featured among the top 100 emerging startup Ecosystems globally, retaining its position in the 61-70 rank category but falling behind Chennai and Pune in the 10th edition of the Global Startup Ecosystem Report (GSER) 2022 that was released recently.
Last year, Hyderabad had featured on the rankings, scoring in the 61-70 ranks along with Mumbai, Pune and Chennai, but this year the city was replaced by , albeit in the same rank range as last year.
However, Telangana’s startup ecosystem stood among the top 10 in the Global Ecosystem in Affordable Talent and Asian Ecosystem in Funding, while it featured in the top 15 in terms of the Global Ecosystem in Bang for Buck, as per the report.
As per the report, Telangana saw a total early stage funding to the tune of $273 million in the H22019-2021 period as compared to the global Average of $687 million, and its ecosystem value during the period stood at around $4.8 billion as against the global average of $28.6 billion.