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April 12, 2017 08:16 pm GMT

Here's why India's Silicon Valley is losing its edge

India's Silicon Valley, Bangalore, was a startup darling just two years ago, but now its star appears to be dulling.

Don't get us wrong, Bangalore has a lot going for it — Amazon and Uber have offices there, it is home to over 2,000 active tech startups — but according to a recent report ranking startup hubs, the city has fallen five spots to No. 20 out of 55. 

Hot new Asian hubs, Beijing, Shanghai and Singapore, have surpassed it, according to Startup Genome's startup ecosystem report.

SEE ALSO: Apple patent suggests an iPhone VR headset in your future

So what's causing the decline and what can be done to stop Bangalore from losing its edge?  Read more...

More about Technology, Bangalore, Silicon Valley, India, and Startups

Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/byUJkKu5EEk/

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