Bengaluru is India’s top startup hub: Hurun-IDFC First list

Bengaluru retains its position as India’s top startup hub in 2025, the ‘India’s top 200 self-made entrepreneurs of the millennia’ list suggests. Published by IDFC FIRST Private and Hurun India, the list notes that 88 founders featured on the list have Bengaluru as their residence city, while 52 companies are headquartered in the Silicon Valley of India. 

Mumbai follows with 41 companies headquartered in the city and 83 entrepreneurs residing there; New Delhi comes in the third position in terms of residence city, accounting for 52 founders, and Gurugram, with 36 companies. 

Bengaluru is led by entrepreneurs like Nikhil Kamath (Zerodha), Harsh Jain (Dream11), Harshil Mathur (Razorpay), Sriharsha Majety and Nandan Reddy of Swiggy. 

Other notable cities housing the largest number of companies in the list include Chennai (11), New Delhi (10), Hyderabad (8), Pune (8), Noida (7), Ahmedabad (5), Jaipur (4) and Kolkata (4). 

Choice of residential cities for the top 200 entrepreneurs also includes Gurugram (32), Chennai (15), Pune (13), Hyderabad (12), Kolkata (10), Ahmedabad (9) and Jaipur (7). 

In Mumbai, Radhakishan Damani (DMart), Abhay Soi (Max Healthcare), and Falguni Nayar (Nykaa) lead the show. While New Delhi has Rahul Bhatia (InterGlobe Enterprises), Vijay Shekhar Sharma (Paytm), Shivashish Chatterjee and Yuvraja Singh of DMI Finance, and Peyush Bansal (Lenskart). Gurugram serves as the headquarters of Deepinder Goyal’s Eternal.