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Mumbai is the financial and commercial capital of one of the largest and fastest-growing countries in the world - India. In other words, Mumbai is to India what New York is to the United States.
The city is compared against established and emerging IFCs and attracts some of the brightest people primarily in the field of entertainment and financial services.
According to Research Data, in 2015 a total of 150 startups in Mumbai were funded across different stages amounting to a whopping $1 billion.
Of these, 77 were an early stage or pre-Series A startups, which were funded $81 million.