Hyderabad: Hyderabad is catching up with other major cities in terms of providing the startup ecosystem, despite having no major acquisition to its credit, says Ramesh Loganathan, MD and vice-president, products, Progress Software India.
“People used to aspire for a good job and title. But that is changing due to concerted efforts of all the players in the startup ecosystem for the last six years. People are ready to take a break and work on their idea,” he observed.
“If any company is bought out for say $100 million or $1 billion, its rub-off effect on people would be tremendous,” explained Loganathan, who is also an active member of the city startup ecosystem.
“The kinds of start-ups and products that city startups are working on are several notches higher than last few years.”
In fact, he says Hyderabad is a much better place to set up a start-up than Bangalore. “Bangalore startups make more noise. Most high profile people, who have come back from the US, start their firms in Bengaluru. So whatever they say gets publicity. However, Hyderabad has a well-networked system. The amplification effect that we create is very high,” he said.
