Bengaluru emerges as world’s fastest-growing mature tech eco-system in the world followed by London, Munich, Berlin and Paris.

According to new research released in London yesterday, Bengaluru has emerged as the world’s fastest-growing mature tech eco-system in the world followed by London, Munich, Berlin and Paris. India’s financial capital Mumbai has been relegated to the sixth place.

Dealroom.co data analysed by London & Partners – the Mayor of London’s international trade and investment agency has revealed that investment in Bengaluru grew 5.4 times from $1.3 billion in 2016 to $7.2 billion in 2020 with the Maharashtra capital of Mumbai growing 1.7 times from $0.7 billion to $1.2 billion in the same period.

Bengaluru is also ranked sixth for the world’s tech venture capitalist (VC) investments, on a global list topped by Beijing and San Francisco, New York, Shanghai and London making up the top five. Mumbai comes in at No. 21 in the worldwide ranking, with Boston and Singapore among the other high-ranking cities.

Skillmine, a Bengaluru-headquartered tech company offering new generation IT consulting and managed services which expanded to London last year, highlighted access to “like-minded tech entrepreneurs alongside a deep tech talent pool” as the highlight of what has been referred to as India’s Silicon Valley in the past.

“It has been exciting to be part of Bengaluru’s emergence as a world-class tech hub. From here we expanded our business operations into London in May last year, as well as into the Middle East and America markets. London is a global tech hub with access to a thriving tech talent pool alongside growth capital and a wide customer base. We are excited to grow our business in the city,” said Anant Agarwal, Managing Director, Skillmine.

Behind Bengaluru and London, the other fast growing tech hubs include Munich, Berlin and Paris, all three more than doubling their investments in the 2016-2020 period.

The UK capital, however, cemented its status as Europe’s leading tech hub – with London companies receiving over three times the amount of investment than any other European tech city.