Three Indian cities make it to the top 50 Startup cities in Pitch Book’s 2024 rankings.

More on the news

  • This surge in startup activity, evident in multi-billion-dollar valuations secured by companies globally, is reflected in PitchBook’s 2024 rankings.
  • PitchBook’s 2024 rankings showcase the world’s leading startup ecosystems. Notably, three Indian cities – Mumbai (32nd), Bengaluru (34th), and Gurugram (48th) – secured positions among the top 50, reflecting the country’s growing startup scene. 
  • This achievement comes as the US dominates the rankings with 20 cities, followed by China with 10. 
  • The PitchBook rankings, based on Venture Capital (VC) investment activity, offer valuable insights into the development and growth of startup hubs worldwide.

About Pitchbook 

  • It was founded by John Gabbert in 2007 with a vision for providing transparency into the global private capital markets through data, research, and tools. 
  • It works as a financial data and software company with offices in London, New York, San Francisco and Seattle.
  • Headquarters: Seattle, Washington, United States.

List of Top 5 Cities

RankCityCountryDevelopment Score
1San FranciscoUnited States89.50
2New YorkUnited States76.00
5Los AngelesUnited States71.40

Methodology for ranking in the report

  • The framework provides a scoring system for development and growth by assessing the size, maturity and growth rates of a VC ecosystem using proprietary data points housed in the PitchBook Platform.
  • Development Score is derived from two criteria: Size and maturity.
  • The Growth Score demonstrates short, medium and long-term growth momentum regarding VC deals, exit and fundraising activity across the past six years.

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