That is the kind of exuberance that existed back then,” said investor Sanjay Mehta, recalling the heady days of Mumbai’s startup ecosystem 2-3 years ago. Complementing the clusters of luxurious residential towers evolved a thriving settlement with commercial buildings, restaurants,international cafés, and premier schools and colleges.Those were high-spirited days for India’s startup ecosystem. Ola later moved to neighbouring Andheri and then to Bengaluru Powai, about a half hour from India’s second-busiest airport, greatly benefitted from its proximity to the premier engineering school. A lot of guys from Housing (and other Powai startups) used to order from us. Startup ideas nowadays are around areas like agro-farming, which are grass roots level ideas.

Source: Economic Times March 02, 2017 19:07 UTC