Karnataka govt welcomes quick commerce start-up Zepto to Bengaluru as it shifts its base from Mumbai

This is expected to be a major gain for Bengaluru as it can produce a greater number of direct and indirect jobs in the city.

After quick commerce start-up Zepto announced changing its headquarters to Bengaluru from Mumbai, Karnataka government has welcomed the unicorn to the tech capital. This is expected to be a major gain for Bengaluru as it can produce a greater number of direct and indirect jobs in the city. Bengaluru is now home to 45 unicorn start-ups, according to the government data.

Karnataka IT minister Priyank Kharge said that Bengaluru is the most preferred place for start-ups as they draw huge funding for scaling their businesses. Kharge wrote, “Bengaluru offers an unparalleled startup ecosystem, boasting. $70.1Bn raised by startups since 2010, with $15.1Bn raised this year alone. Leading in B2B funding at $34.9Bn and B2C funding at $4.9Bn. Home to 45 unicorns valued at $160.8Bn.”

Welcoming Zepto to Bengaluru, he also appealed to other start-ups to consider the city for their primary operations. “Our city is also the most millennial-friendly in India for education and employment, ranking 18th in the Asia Pacific. With 3,600+ funded tech startups and the highest number of employable female talent, Bengaluru is where innovation thrives. Welcome, @ZeptoNow! I invite more startups to join us and flourish in the best startup ecosystem in India,” IT minister added.