Mumbai Angels Network is a decade long story of transformation of StartUp ecosystem.
So, is Pune - this city is a story of transformation in the past ten years. And the biggest transformation is in the StartUp scene.
Like elsewhere in India, today the aspirations are shifting towards founding and working at startups focused on solving unique Indian problems, as well as addressing a global market. India is rapidly making the shift from being the world’s software developer to becoming a creator of software solutions and products in its own right.
While Pune’s startup scene has been overshadowed by that of Bangalore and Delhi, it has quietly had organic growth. According to TiE Pune, there are now over 400 startups in Pune and according to iSPIRT, 21% of India’s product startups are from Pune.*
While still nascent, the startup ecosystem is gaining momentum on its own. There are grassroots organizations feeding the startup scene and local angel investors are active. High growth start-ups such as Druva, Pubmatic, and Airtight Networks are providing an anchor to the industry.
Mumbai Angels Network's Pune workshop sought to explore how to nurture and groom startups. The stumbling blocks to achieving success include a lack of early stage funding and startup mentorship.
*inputs from Mike Manson,Partner,Wesley Clover International