Bengaluru is the IoT hub of India: Zinnov
A study by management consulting firm Zinnov has revealed that Bengaluru is the prime destination for IoT (Internet of Things) startups to set up base, as it accounts for 52% of the total IoT startups in India.
Bengaluru is followed by Delhi NCR with 12%, Mumbai 11%, Hyderabad 4%, Chennai 2%, and others together accounting for 19%.
“A wide availability of talent, thriving ecosystem of investors, access to industry experts and the presence of startup accelerators are contributing to Bangalore’s dominance,” a release from the firm said. The study on the IoT startup ecosystem in India also reveals that over 120 IoT startups were set up in India in the last decade with more than 80% of them being established after 2010. Read more…