Mumbai, formerly Bombay, is a densely-populated city along India’s west coast. It is India’s biggest city and financial hub. The iconic Gateway of India stone arch is located on the Mumbai Harbour waterfront. It was built in 1924 by the British Raj. Nearby, Elephanta Island is home to ancient cave temples dedicated to the Hindu god Shiva. It is also known as the home of Bollywood films.
Mumbai is India’s financial capital. Mumbai saw a boom in startup activity before Prime Minister Narendra Modi launched the ‘Make in India campaign. Many innovative entrepreneurs established themselves in this market. India receives $5.2 million in GDP annually from this seaside city. It has been India’s third largest startup hub, after Bengaluru and Delhi NCR, in the past decade.
Mumbai is home to over 9,000 startups. The most in-demand areas are eCommerce, Fintech, and Information Technology. It has also developed into a significant B2B hub. A strong financial sector and a large population are the keys to the city’s startup culture. It has cultivated a strong network of investors that favors startups. The large population of Mumbai is a strong customer base for businesses, particularly in the business-to-consumer sector.
It has seen impressive growth from 2017 to 4,582. This is thanks to Maharashtra’s innovative policies that have enabled Mumbai to succeed.
Most promising and scaleable startups in Mumbai 2022
- InCred Financing
Mumbai is not just a wealthy city. It’s also the Economic Hub of India. There are many Industrialists and CEOs of well-known companies, directors, producers, artists, etc. Mumbai is a tourist destination because of its unique culture and architecture. A place full of energy and life requires someone to guide them and provide financial support. The Role of Angel Investors is to assist people in achieving their dreams by breeding them.