Did you know? 23% of all unicorns in India are based out of Maharashtra
Did you know? 23% of all unicorns in India are based out of Maharashtra! Let’s take a closer look at Maharashtra’s startup ecosystem 💸👇
Maharashtra based startups have raised over $23 billion in funding since 2014 – with Mumbai & Pune emerging as the most funded startup hubs in the state.
🚀 In 2023 alone, the government has recognised 5,801 startups from the state of Maharashtra, displaying a 21.8% rise from 2022.
🚀 In June, IPO-bound electric two-wheeler maker Ather Energy announced that it’s setting up its 3rd manufacturing facility in Maharashtra, to manufacture escooters and battery packs.
🚀 In April, Mega Networks revealed its plans to set up a factory for local manufacturing of artificial intelligence servers in Maharashtra by the third quarter of the ongoing fiscal year 2024-2025.
🚀 Maharashtra’s industries minister also said that the state is looking to expand its startups portfolio to a staggering 50,000 soon.
Credit: Inc42 Media