Setting up your startup in Mumbai

While India is slowly setting the stage to become a land of more than 250 unicorns by 2025, Mumbai - the financial, commercial and entertainment capital, has also established itself as a start-up global destination, which gives entrepreneurs access to allied services for their growth.

The Mumbai startup ecosystem is playing a very important role in India’s upcoming startup scene, by being a financial hub - with prominent incubators, angel investors, venture capitalists, growth funds, and educational institutions based here. In addition, government initiatives, including “Ease of Doing Business” have given a boost to the city’s startup ecosystem.

For a startup to flourish, it needs an ecosystem in a flourishing and cosmopolitan space, and Mumbai has proved to be the epitome of that. The hub of the creative industry, finance and healthcare, the city has proved its mettle for several renowned and budding education, food tech and fintech startups.

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Prominent locations suitable for startups to set up their offices in Mumbai:

With IIT Powai in the neighbourhood, it’s no surprise that innovation can thrive in Eastern Suburbs. This is complemented by access to restaurants and other amenities, and easy connectivity to other parts of Mumbai. The eastern suburbs also have many coworking spaces, incubators, and accelerators.

Central Mumbai has a growing number of coworking spaces, accelerators, and venture capital firms setting up their offices in the area. The area is well connected to other parts of Mumbai, by rail and road networks, while the nearby malls and eateries have become the hub for a vibrant startup community.

Located in the centre of Mumbai, Bandra Kurla Complex is the financial hub of the financial capital. Home to many corporate offices, banks, and financial institutions, it’s a popular location for startups due to its good infrastructure, connectivity, and availability of coworking spaces.

Andheri has recently emerged as a popular startup hub in Mumbai. Connected to the city through a good rail and road network, it offers workspaces and amenities at affordable prices. Andheri is known for coworking spaces, incubators, accelerators, and a robust talent pool.

While these are some of the best locations in Mumbai for startups to consider when setting up their offices, northern suburbs and the city’s periphery too are becoming epicentres of innovation and business.

These include the areas of Jogeshwari, Goregaon, and Malad on the western side. Also, places across Navi Mumbai and Thane have emerged as extremely popular spots, by offering good infrastructure at economical rates.

When it comes to setting up an office in Mumbai the choice of location needs to take factors such as budget, business requirements, upcoming travel infrastructure and the talent pool into account. Once those are locked, finding the ideal space could be a much easier task. 

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