4 April 2024 – Gaurav Munjal, CEO of Unacademy, advocates for entrepreneurs to relocate from Mumbai and Delhi to Bengaluru, citing the city’s superior ecosystem for startups. Speaking at TechSparks 2024 in Mumbai, Munjal emphasized Bengaluru’s network effect and increased odds of success for startups.
Munjal asserts that while Mumbai may offer certain amenities, Bengaluru’s network effect provides unparalleled opportunities for startup growth. He highlights the frequent encounters with like-minded individuals in Bengaluru’s coffee shops, a phenomenon he believes is crucial for entrepreneurial success. Despite its slower pace compared to Mumbai, Munjal argues that Bengaluru’s ecosystem significantly boosts the likelihood of startup success.
Having experienced both cities firsthand, Munjal emphasizes Bengaluru’s unique energy and ecosystem, suggesting that TechSparks and similar events should focus on encouraging entrepreneurs from Mumbai and Delhi to relocate to Bengaluru. He underscores the importance of increasing the probability of success with every decision, citing Bengaluru’s next-level ecosystem as a key advantage for startups.
Bengaluru’s reputation as India’s Silicon Valley is further solidified by a recent report, which identifies it as the largest hub for self-made entrepreneurs and valued companies in the millennium. The city surpasses Mumbai, Gurugram, and New Delhi in producing industry leaders, underscoring its significance as a startup hotspot.
