Bengaluru leads Delhi, Mumbai in startup deals, investments: CM Siddaramaiah

Bengaluru continues to lead India’s startup ecosystem with 89 deals worth $823 million signed in the January-March quarter of 2026, well ahead of Delhi and Mumbai, Karnataka chief minister Siddaramaiah said on Tuesday in a post on X.

"This leadership is no accident. It reflects Karnataka’s consistent focus on building a deep, enabling ecosystem for innovation, capital, and talent. From deep tech to daily tech, Bengaluru remains at the heart of India’s growth story,’’ Siddaramaiah added.

Karnataka IT/BT Minister Priyank Kharge added that Bengaluru’s leadership in India’s startup ecosystem reflected the state’s sustained approach to nurturing innovation.


“Our focus has been on building a strong, enabling environment through progressive policies, industry-academia collaboration, and continuous support for entrepreneurship and emerging technologies. As the ecosystem evolves, we remain committed to strengthening these foundations,” the minister said.

“We have the best ingredients in terms of capital and depth and diversity of talent. We, however, need to build our competitiveness in deep tech, industrial infrastructure, and capabilities in physical AI, semiconductors, and frontier technology. There has been a lot of focus on these areas, but we need to step up our pace of implementation,” said the state’s Startup Vision Group chairman Prashanth Prakash, who’s also the founding partner at the VC firm Accel Partners.