1. UK PM Theresa May jets off to Bengaluru, meets start-up honchos

UK PM Theresa May jets off to Bengaluru, meets start-up honchos

UK Prime Minister Theresa May on Tuesday met up with a group of start-ups to understand the start-up ecosystem in the country.

By: | Bengaluru | Published: November 9, 2016 6:45 AM

UK Prime Minister Theresa May on Tuesday met up with a group of start-ups to understand the start-up ecosystem in the country. Anil Srivatsa, CEO, Radiowalla, Ram Kakkad, founder, English Dost, Anand Madanagopal, founder and CEO, Cardiac Design labs, Tanuja Ganu, co-founder, Data Glen, and Ankita Vashishtha, CEO, Saha fund, were the start-up leaders who met the visiting leader.

Bengaluru has become the leading hub for start-ups in the country and India is now recognised as the third largest hub globally after the US and the UK.

India currently has around 4,750 start-ups and another 1,400 are expected in the current year which is a 8-10% growth from last year.

Bengaluru accounts for more than 1,300 start-ups and has a share of around 40% funding. It is followed by the National Capital Region (NCR) and Mumbai.

The meeting with the start-ups comes in the backdrop of new visa regulations being planned by the UK which could place obstacles in the movement of IT professionals into that country. This is viewed as a backward step by the IT trade associations of the UK and India.

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