{"id":269,"name":"Mumbai","countryId":13,"stateId":null,"bounds":"18.8928676,72.7759089,19.2716339,72.9864994","latitude":19.076,"longitude":72.8777,"website":null,"population":18414288,"clusterParent":269,"tractionRank":20,"slug":"mumbai","customDescription":"![high-rise buildings during daytime](https://images.unsplash.com/photo-1573132223210-d65883b944aa?ixlib=rb-4.0.3&ixid=M3wxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8fA%3D%3D&auto=format&fit=crop&w=1000&q=80)\n\n
With a growing number of startups being created in India each year, the country is bustling with more startup energy than ever. The Mumbai startup ecosystem is playing a very important role in India’s burgeoning startup scene and is its financial capital.
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The startups in the Mumbai Startup Ecosystem mostly revolve around the financial, consumer services, media and retail sector. The abundance of venture capitalists, growth funds, educational institutions and incubators has propelled Mumbai’s growth in the startup scene.
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One of the success stories in Mumbai’s startup ecosystem is one [Acko General Insurance](https://www.acko.com/?utm_campaign=startupblink&utm_medium=startupblink&utm_source=startupblink), a digital insurance company with a license to underwrite and distribute bite-sized insurance products which succeeded to exceed US $1 billion in valuation. Another example is [Upstox](https://upstox.com/?utm_campaign=startupblink&utm_medium=startupblink&utm_source=startupblink), a fintech company that allows innovative investment options for its users. These success stories are proof showcasing Mumbai`s specialization in the fintech industry.
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Mumbai also houses the head offices of a number of giant corporations, which means easy access to capital and experienced professionals. The city also offers startups an interesting mix of management and engineering talent, new as well as old. Every year, the city attracts students from all over India, who choose to study in the city owing to its many cosmopolitan attractions and opportunities. 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