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| Aanchal Parekh | Blogs

Rise of different startup sectors in Bangalore

With the importance and encouragement of digitalization and the Government’s campaign for Digital India, the startup trend saw a significant rise in the technology sector. In 2019, the number of tech startups in India grew from 8900 to 9300 with around 1300 startups added in the year 2019 itself by NDTV.

Startups can be divided into 2 segments

  • Tech-based startups and non-tech-based startups. The tech-based segment includes sectors like Fintech, E-Commerce, Edtech, and Healthtech
  • The non-tech-based segment includes Agri-products, Construction, Textiles, etc.
While sectors like e-commerce have become mature and seen a lot of growth, industries like Fintech, Edtech, and Healthtech have been in the limelight recently. Let’s take a look at some of these industries in detail.

Fintech Sector

Finance Sector has grown from what it used to be. Now, technology is very much integrated into it, and it is growing rapidly. This is definitely one of the up and coming sectors in the ecosystem of startups in India. With India moving towards a cashless economy and digital payments gaining trend, Fintech is a booming industry. Many office spaces in Indiranagar are the most fintech startups and are growing rapidly for example Phonepay and Cashfree.

Edtech Sector

The demand for online modes of learning has also grown tremendously. This sector is growing very fast and is one of the leading sectors in India. During pandemic Schools and colleges have not been able to function properly, and many had to go online and embrace the world of tech with the virtual mode. Due to this, the demand for online modes of learning has also grown tremendously. Many Office spaces in Koramangala are the most edtech startups are growing very fast for example Byju’s and Miles Education.

Real Estate - Office Spaces

With the surge in startups scaling up, commercial real estate is on a speedy growth trajectory across cities. Startups in India are scaling up specially managed office spaces and co-working spaces. Bangalore is one of the fastest-growing and top-performing office markets in India for office spaces. Clayworks, Indiqube and Attic Space are the few examples who provide co-working and managed office spaces in prime locations such as Koramangala, Indiranagr , HSR Layout and many more.

Conclusion

In India, Bangalore is one of the most famous places where you can find the perfect startup ecosystem. Furthermore, Coworking and shared office spaces are also supporting the rapid outgrowth of startup hubs in India by offering a wide range of facilities to satisfy the needs of its clients. Attic Space has managed Office space in HSR layout for teams of 100 and above. We take care of all your

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