HYDERABAD: Hyderabad has emerged as one of the top 5 startup hubs in the country in terms of deal count and funding, with close to $900 million funding coming into the Hyderabad and Telangana ecosystem, M Srinivas Rao, CEO, T-Hub said on Friday.’
Pointing out that 2021 was a breakout year for the country’s unicorn ecosystem with close to 42 unicorns being added to take the total number of unicorns in India to 81, MSR said Telangana now has four unicorns.
Speaking at ‘Confluence: Connect to collaborate and co-create’ for startups and corporates, MSR said from a regional ecosystem standpoint too Hyderabad has been ranked highly in the affordable talent, regional ecosystem funding and regional ecosystem performance standpoints by Startup Genome rankings. Listing out factors driving change in startup landscape, he said they are India’s internet penetration, which is next to China, data consumption fuelled by lowest cost of data in the world on a per GB basis and UPI adoption that made India fastest growing digital payments markets.
